Westminster Village Apartments

Project Details

  • Property Location:
    Lexington, Kentucky 
  • Acquisition Date: March 22, 2019
  • Purchase Price: $5,150,000
  • Renovation Costs:
    $7,220,985 ($54704 per unit) 
  • Number of Units: 132 
  • Number of Buildings: 11
  • Number of Stories: 3
  • Year Built: 1971 

Unit Interior Renovations

  • Kitchens and bathrooms including cabinets and countertops, energy-efficient lighting and plumbing fixtures, accessories, showers, tub surround, and toilets;
  • Energy Star appliances, and microwave/range hood;
  • Upgraded HVAC systems and replaced water heaters;
  • Re-piped all unit plumbing to replace galvanized water lines;
  • Whole-house ventilation fans and smoke detectors;
  • LVT faux-wood vinyl plank in common areas and carpet in bedrooms;
  • Drywall repairs, patched and painted;
  • Windows and window coverings;
  • Interior doors, unit address signs and hardware;
  • Baseboards in all common areas, and,
  • Radon gas remediation systems.

Building Envelope and Exterior Renovations

  • Full tear-off and re-roofed and replaced damaged sheathing at half of the residential buildings;
  • Brick replacement and tuckpoint as needed;
  • Entry tile flooring;
  • Exterior door hardware;
  • Landings, stairs, and railings; and,
  • Attic insulation and ventilation.

Site Improvements

  • Offices, clubhouse, and common laundry room to include new flooring, lighting, paint, and ventilation;
  • Asphalt parking areas to address surface damage and improve flatness and accessibility; sealing/striping;
  • Landscaping, playground areas, common barbeque area;
  • Concrete walkways;
  • Cleaned and replaced drainage lines from buildings, and main lines on the property;
  • Exterior building and directional signage, property monument sign;
  • Site lighting on grounds and around