Wassmer Properties: Student Housing, Lexington Kentucky
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Welcome to Wassmer Properties 2024-25
Units available for August 1, 2024
Wassmer Properties has almost taken full deposits and signed leases for 25% of our UK apartments by February 1, 2024. That is a full six months before the August 1, 2024 move in date. However we still have two-bedroom apartments, three-bedroom apartments, two-bedroom townhomes available for August 1, 2024 as of February 1, 2024.
Established in January 1979, this year marks Wassmer Properties' 44th anniversary for providing affordable academic housing in the closest and safest neighborhoods surrounding the University of Kentucky for students, graduate students, staff and faculty of the University of Kentucky.
With a property to fit any student's budget, Wassmer Properties continues to provide alternatives to the spiraling cost of University of Kentucky on-campus housing, both in the on-campus dormitories and the UK apartment complexes.
The demand for private student housing around the University of Kentucky has resulted in the development of apartment complexes in areas prone to property crimes and violent crimes. Wassmer Properties houses, apartments and townhomes are all located in Lexington's safest neighborhoods. All our buildings are located on or near Woodland Ave and the Woodland Park/Chevy Chase neighborhood.
Wassmer Properties buildings are all located within four blocks of the University of Kentucky's main campus. Many of our apartments/houses are closer to your classes than even the UK dormitories at Gregg Page or Commonwealth Village.
In fact a student also has to add into their budget a residential parking permit (currently valid mid-August to mid-May which is 8 months) for 2022-23 the Annual Price (based on academic year of eight months) a standard Residential Parking Permit (based on academic year of eight months) is on top of that. We all know the price will increase in August 2023, probably to over $40.00 per month for a commuter (C) permit that is currently $336.00 for eight months or $42.00 per month! So a student saves $42.00 a month plus gasoline expenses by leasing an apartment close to campus.
So if you have a roommate make sure you add $80.00 to $90.00 per month to your monthly total rent if you decide to sign a lease on an apartment or home that requires you to drive to UK on a daily basis.
Make sure you add this parking permit expense to your calculations when you think you are saving money by renting an apartment or house far from the UK campus. The Commonwealth Stadium parking lot is where you will have to park your car should you rent an apartment that is further away from UK than walking distance so add the campus bus travel time too!
TOP 10 REASONS
Why You Should Lease From Wassmer Properties
- 1
Location
Wassmer Properties owns a dozen buildings that are all located within four blocks of the University of Kentucky main campus. 100% of our apartments are situated on or off Woodland Ave near the W.T. Young Main Library.
- 2
Location
Walkability is a key factor in why Wassmer Properties is 100% fully leased every year. Even the UK website says that none of the newer UK student apartment complexes on South Broadway, Red Mile Road or Angliana Ave are not less than 10-minute walk.
Students, remember you will be doing this walk to and from campus at least twice a day spending 15 minutes plus each way so for over one hour you could be out in the heat/rain/snow/cold walking back and forth to campus.
- 3
UK DORMITORY COST COMPARISON
The UK 2023-2024 dormitory rates are posted on the University of Kentucky website:
- $5,181.00 per semester (4 months) or $1,295.25 per month per roommate in a two-bedroom suite at Boyd, Haggin, Holmes, Jewell, Lewis, Woodland Glen I, II, III, IV or V
- $4,491.00 per semester (4 months) or $1,122.75 per month per roommate in a four-person suite in Donovan, Johnson, Roselle, and Smith.
At the UK dormitory 2023-24 rates, Wassmer Properties apartments are $500 - $700 per month cheaper and we include parking at no extra cost. Every single one of the Wassmer Properties apartments is LE$$ than all of the UK 2023-24 dormitory rates! The housing rates quoted above do not include the mandatory dining plan for the All-Access White plan that starts at $2,556.00/$639.00 per month or residential parking permit ($336.00 per year). In fact, for our lower rental prices you get a full kitchen (not just a small microwave and a mini fridge), a living room, private bath, dishwasher, and your own bedroom with parking right outside your door with no additional parking permit fee all parking is included in the monthly rent!
- 4
Safety
The University of Kentucky Police Headquarters is located on the corner of Rose Street and Euclid Ave (Avenue of Champions). Our apartment buildings are less than four blocks from the UK Police Headquarters. All of our buildings are on the SAFE SIDE of the UK campus. None of our buildings are near the sketchy areas off South Broadway and off Red Mile Road. In fact, there is a casino on Red Mile Road and we feel that will only increase the problems in that area.
- 5
PARKING/PERMITS/TOWING/TICKETS
In 2022-23 the cost of an "R Permit" (Residential Permit) is $504.00 for 8 months or $63.00 per month, or a "C Permit" (Communter Permit) which is $336.00 for 8 months or $42.00 per month.
If you are a resident of the north side dormitories you have to take the UK campus bus two miles in both directions just to reach your car at the Commonwealth Stadium parking lot!
All Wassmer Properties apartments include an on-site parking lot and a 12-month (August to July) parking permit is included with your lease and the monthly rent. There is absolutely no addition fees for parking your car at Wassmer Properties.
Many UK students have stories of the unpaid UK parking tickets/tire boots and trying to register for classes for the next semester. Your roommate/friend "forgot" to tell you they got a parking ticket when they" borrowed" your car to get to class/library one night. So until you pay that UK parking ticket you cannot register or get your grades! Don't put yourself through this hassle again. Rent from Wassmer Properties where FREE parking at your door is a sure thing.
- 6
This Old House
Many, many UK students think renting an old house near campus would be so much fun. Most of the time this turns out not to be true. The old houses that surround UK are not insulated very well (landlords don't pay the utilities) and most have single-pane windows and drafty doors. The student ends up paying to heat and air condition the great outdoors. The plumbing in the old houses is mostly worn out old galvanized pipes and it is possible to wait several minutes for the toilet to fill or your shower pressure is just enough to get your head wet. Also, by having a house near campus there are always other students over to visit or park in your yard and your grades are bound to suffer from the constant flow of guests.
- 7
$22 million Kroger Store on Euclid Ave
Recently, the newest Kroger superstore opened on Euclid Ave. This Kroger is 3 times the size of the old Kroger and has the freshest produce, meats, etc in Central Kentucky. Right next to the Kroger is the Chevy Chase shopping area with banks (ATMs), drug stores, Starbucks, Domino's pizza, etc. All of this is in walking distance to all of Wassmer Properties apartment buildings located directly down Euclid Avenue (Avenue of Champions). If you choose to live in an apartment off South Broadway, Angliana Ave or Red Mile Road you are NOT located near ANY grocery stores, banks or drug stores. EVERYTHING you need will force you to make a trip in your car.
- 8
Don't let the bed bugs bite
Wassmer Properties apartments are unfurnished and we do that for a reason. Our apartments all include stove/oven, refrigerator, microwave, dishwasher and some with washer/dryers BUT we never include used sofas, used chairs, used beds, used mattresses, etc. The bed bug outbreak is all too real and we do not feel that this is a very safe option for students. Wassmer Properties cleans all of their units between residents with steam heat on our hardwood floors and steam clean (not chemical/dry carpet cleaning) all our carpets. Heat over 140 degrees is known to kill bed bugs.
- 9
No roommate matching here
There are horror stories all over UK campus of "the weird roommate" that students were matched with. There are stories of the roommate who "borrowed" the other roommate's car keys and wrecked the car. Or the roommates that were matched and then "the weird roommate" borrowed your $150.00 text book (you were matched since you have the same major) and then "left" your text book at the library. Or "the weird roommate" who didn't steal your credit card but took a cell phone photo of it and then used your credit card number to go shopping on the Internet, right before they headed home at the end of school in May.
Wassmer Properties thinks that the actual students themselves are the best judge of who is and is not a good roommate match and we let all our residents bring in roommates of their own choosing.
- 10
Use your student loan wisely
There are estimates that over 70% of the UK students are carrying some form of student loan debt. Now it is time to make a list of your UK priorities. Do you really need to take borrowed student loan money and spend it at an apartment complex with a swimming pool (open only 90 days of the year, May 30th - September 1st), rec room, gym, tennis courts? Not only are you spending borrowed money for facilities you may or may not need or ever use but you have to pay your loan back over the next 5, 10 to 15 years with interest! Don't mortgage your future. Everyone has wants and needs. Rent only what you need.
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Finally... Do the math
Add up the cost of UK campus dormitories, mandatory meal plan, parking permits and compare. You’ll find that private housing is an attractive option — and we don’t kick you out of your apartment for semester breaks at Thanksgiving, Christmas, New Year's and Spring break. -
A word about Yelp
Yelp's algorithm rewards companies that advertise with them. Wassmer Properties has refused to advertise on Yelp. Wassmer Properties does not support Yelp. In turn, Yelp does not support Wassmer Properties.
OUR UNIVERSITY OF KENTUCKY PROPERTIES
Find Your Apartment Home in Lexington For 2023-24
One-Bedroom Apartment Building
FREE on-site parking, full-size microwave, dishwasher, laminated or hardwood flooring, double-pane insulated glass windows and insulated metal doors with deadbolts. Landlord pays city 100% of water, sewer and garbage fees.
201 Woodland Ave Suite 200
Leased until July 30, 2025
Large one-bedroom apartment: $1,100.00 per month or $550.00 per roommate per month. Will easily fit a couple for $1,200.00 per month
- Apartment is 1920's with all-oak hard wood floors, 4 closets, wooden balcony off the back for sun and BBQ grill, and double-pane insulated glass windows
- Rent does not include natural gas or electric bills.
- This is a BIG, BIG one-bedroom apartment.
- Apartment has a washer and dryer
- FREE parking
- One block to Woodland Park
Two-Bedroom Apartments and Townhouses
FREE on-site parking, laminated or hardwood flooring, double-pane insulated glass windows and insulated metal doors with deadbolts.
477 East Maxwell Street
Leased until July 30, 2025
Two-bedroom townhouse: $1,400.00 per month or $700.00 per roommate per month. Unit has a dishwasher, washer and dryer
- All hardwood oak floors
- Central heat and air conditioning
- Front porch with porch swing
- Balcony off master bedroom
- Two wood-burning fireplaces
- Double-pane insulated windows
- FREE parking in rear of townhouse
- One block to Woodland Park
235 Woodland Avenue
Leased through end of July 2025
Two-Bedroom, one bathroom apartment
$1,200.00 per month or $600.00 per roommate
- Apartment is 1930s with all oak hardwood floors
- Wood burning fireplace in the living room
- Covered balcony/porch located off living room facing Woodland Ave
- Washer and dryer
- Dishwasher
- Double-pane insulated windows
- FREE parking at the door
223 Woodland Ave
Leased through end of July 2025
Two bedroom, one bath townhouse, $1,450.00 per month or $725.00 per roommate per month
- Central Heat and air conditioning in an all brick townhouse
- Townhouse has a full size washer and dryer
- Located just one block from Woodland Park
- Woof! Meow! This apartment is pet-friendly
- FREE parking at rear door
- Double-pane insulated windows
Three-Bedroom House
FREE on-site parking, laminated or hardwood flooring, double-pane insulated glass windows and insulated metal doors with deadbolts.
473 East Maxwell Street
Leased through end of July 2025
Rent the Whole House! Two Bedroom with office OR THREE bedroom house $1,350.00 month for two roommates or $675.00 per roommate per month + electric, water, and natural gas with two roommates
OR
$1,650.00 month for THREE roommates or $550.00 per roommate per month + electric, water and natural gas
- House comes with a full-size washer, dryer and dishwasher
- Two wood-burning fireplaces, one in the living room and one in the master bedroom
- Woof! Meow! This house is pet-friendly with an extra pet fee and pet deposit.
- FREE parking at rear door
- One block to Woodland Park
201 Woodland Ave Suite 250
Available August 1, 2024
Three-bedroom apartment: $1,650.00 per month or $550.00 per roommate per month. Apartment has an additional office space.
Extra large (over 2,000 sq. feet) 3-bedroom apartment from the 1920s with all hardwood oak floors and loads of closets and storage space.
- Kitchen has a full size dishwasher, full size microwave, self cleaning oven, frost-free refrigerator
- Apartment also has a full-size washer and full-size dryer included
- Central heating and air conditioning
- Double-pane insulated windows
- FREE parking
- One block to Woodland Park
