The Fountains at Andover

About The Fountains at Andover

the Cushman & Wakefield Southeast Multifamily Advisory Group and Commercial Kentucky, Inc. are pleased to present the exclusive listing of the 318-unit The Fountains at Andover apartment community located in Lexington, Fayette County, KY. Given a one-mile radius of The Fountains at Andover, average HHI is projected to grow by more than 12% over the next five years. With limitations on new multifamily driven by the Urban Services Boundary restricting developments in rural areas to help preserve farmland, there are minimum sites available suitable for apartments. Due to the restrictions, submarket occupancy and rents have continued to climb, leading to strong property performances. With demand for upgraded units in the submarket and no renovated units at the subject property, The Fountains at Andover is an excellent opportunity to acquire a true value-add investment.