Find Real Estate Agents and Homes for Sale

Real Estate News --> Vermont News

Vermont Might Become the Ninth US State to Legalize Recreational Marijuana

Phil Scott. The current proposal would not only allow the possession of nonmedical marijuana, but also let users grow cannabis in their homes. However, the possession limit in Vermont is one ounce—one-tenth of that allowed in Massachusetts. Even Maine ...

Archived Story

jQuery(document).ready(function () { mi.leadAssets.init(); }); Business 38-building parcel of property for sale near UK campus By Cheryl Truman - LinkedIn Google+ Pinterest Reddit Print Order Reprint of this Story $(document).ready(function () { mi.articleShareTools.init({ nextLinkedin: '10267', nextPinterest: '10221' }); mi.socialSharingScroll.init(); }); August 22, 2012 05:03 PM Real estate agent Carol Bryant surveys the area between Maxwell Street Presbyterian Church and the High Street branch of the YMCA. For $8.9 million, some investor can become the owner of 38 buildings in the area, hence becoming a landlord to a major swath of University of Kentucky students. Many of the buildings in the area belong to a group of owners that include Bryant's extended family, including downtown developer and attorney Bill LearFormally, the owners are Touchstone Properties LLC and Hagerman Court LLC, the largest property owners in the College Town area. College Town is defined as the area running from the north edge of UK's campus to downtown Lexington. SIGN UP Help us deliver journalism that makes a difference in our community. Our journalism takes a lot of time, effort, and hard work to produceIf you read and enjoy our journalism, please consider subscribing today. SUBSCRIBE TODAY function enableSubmitBtn(){ mi.calltoActionCtrl.enableSubmitBtn(); } jQuery(document).ready(function () { mi.calltoActionCtrl.init(true); }); The package of properties is substantial, but Fayette County does have occasional property sales with large numbers of parcels and amounts of cash being exchanged — including a 66-parcel sale in April for just over $1 million and a two-parcel deal worth $62.5 million in March — according to figures provided by David O'Neill, Fayette County's property valuation administrator. The package of student-occupied properties includes 38 buildings and two parking lotsThe listing says the rental income for the group is more than $1 million a year. On Tuesday, as Bryant walked around the bulk of the houses and apartments, students buzzed around the areaUK classes began Wednesday. Although most of the houses are within easy walking distance, two are set apart: 541 Columbia Avenue and 326 Woodland Avenue, next to the fire stationIn various configurations, the properties have now been for sale for three years. In 2010, Lear said the decision to sell was "related directly to where family members are in our personal life cycles." Bryant said the family still feels the same wayShe said her husband, Rick Bryant, feels as if he gets 200 extra children when the apartments fill up. "It's just where we are right in our lives," she said, as family members reach their 50s and 60s and begin to lighten their property load. Although the listing includes all the properties, the owners would be willing to sell some of the houses in groups, such as the two orange brick buildings on Lyndhurst PlaceBryant said there has been a great deal of interest from real estate investors, but so far no sale. As the recession tightened credit, commercial investors were hit particularly hard, she said. It would be a big saleOf the residential listings currently available in Fayette County, one of the few in the ballpark in size and price is a $14.4 million horse farm on Russell Cave Road — but given that its 87 horse stalls aren't in the neighborhood of UK, that can hardly be considered student housing. When the properties are sold, the current leases will remain in effect, Bryant saidThat had been a concern when the properties were first put up for sale. She does not anticipate the homes being demolished, which she said had been a false rumor when the buildings were first put up for saleShe said the buildings are in good condition and well-maintained — and, of course, in a prime location. "This is so close to everything," Bryant said. Suggested for you lazyLoadingModule("zerg-template", "zerg-target", "zerg",500, undefined, undefined, undefined, "53301", undefined , undefined );   Comments   Needs to be visible to set the correct height of the comment componentI'm hiding it on document readyAppending it later did not work--> jQuery(document).ready(function () { mi.commentingFaceboook.init(); }); Videos SHARE COPY LINK Get a sneak peek at Total Wine and More SHARE COPY LINK We try a bourbon cream made by ghosts, and hey, it's pretty good View More Video Business APNewsBreak: Serial killer search led to wrong man in 2017 It's the water: Artesian well draws fans from miles around Sluicing for gold; Albany man's invention hits paydirt Apple controversy: Who can sell Cosmic Crisp trees? Video game champ stripped of record scores fighting back Business jQuery(document).ready(function () { UD.updateDate.getDiffDate("1345720751", "MMMM DD, YYYY hh:mm A", "America/New_York", "en", "-04:00"); }); Subscriptions Start a Subscription Customer Service eEdition Vacation Hold Pay Your Bill Rewards Site Information About Us Contact Us Newsletters News in Education Archives Social, Mobile & More Text News Alerts Mobile & Apps Facebook Twitter YouTube Google+ Advertising Contact Us Place a Classified Ad Local Deals Shopping Digital Solutions Media Kit More

Trending Vermont News:

  • Julie Moore: Vermont is not wavering on clean water
  • Sweet science: Vermont maple syrup industry embraces hi-tech tricks
  • Sanders announces $3 million in housing grants for Vermont
  • How new rules are affecting Vt. child care providers
  • Gender pay gap hurts Vermont’s economy, advocates say
  • Carbon tax is bad idea
  • FAA offers few solutions for F-35 noise mitigation in South Burlington
  • Designing a Combined Hot Water System
  • Community Bancorp Vermont (CMTV) Director Acquires $29,682.50 in Stock
  • Vermont's Most Expensive Home Is a $12.5M Vacation Destination in Stowe
  • Winter storm triggers power outages in Vermont
  • Amphibians emerge from their winter homes for spring migrations
  • Is Vermont making strides to curb domestic violence death rate?
  • Vt. man accused of charging troopers with bats
  • Building Zion: the controversial plan for a Mormon-inspired city in Vermont
  • Business Therapy: Co-owners Seek Help When They Can’t Agree
  • New York PSC accepts Vermont Green Line permitting application
  • What’s Up with the Local Real Estate Market?
  • Vermont's Thunder Road Speedbowl sold
  • Colleges ramp up career guidance for students