Alexandra Apartments | Call for Offers Lexington, KY

For Sale

Property type:Multifamily

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Silvestri Real Estate is pleased to present the exclusive listing of The Alexandra Apartments, a 204-unit multifamily community located in Lexington, Kentucky. The current owners have meticulously maintained the asset with over $3.2m in Capital Expenditures since 2019. The in place numbers and current debt provides the buyer an opportunity for in place cash flow with multiple revenue enhancing opportunities.

The Alexandra is conveniently located just inside New Circle Road. The property’s southwest boundary line is shared with highly rated Beaumont Middle School while the northeast boundary is shared with The Lexington School, Lexington’s most premier private school.

The Alexandra Apartments has an attractive in place loan that can be assumed.

Originated 5.2023
5 year term
5.29% rate
3 years IO (approx. 18 months remaining)
Approximate Balance: $15,155,000

***CLICK HERE FOR LISTING DETAILS AND DOCUMENT VAULT***

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Ken Silvestri

Owner/Principal Broker

Cell:: 859-621-5543

Office:: 859-263-2300

Email: Ken@SilvestriRealEstate.com

Ken Silvestri, the powerhouse behind Silvestri Real Estate, leads Kentucky’s premier multifamily brokerage firm. A Lexington native, Ken initially conquered the residential real estate market in 1990, earning the impressive rank of #3 among 40,000 agents at Re/max International. Transitioning to apartment sales in 2000, he has since achieved sales exceeding one billion dollars, consistently earning Silvestri Multifamily the #1 POWERBROKER title from CoStar since 2016. Ken’s visionary leadership extends to the formation of the SILVESTRI TEAM, comprising top talents Brandon Cutwright and Robert Jones. Featured on the “Elevate” podcast, Ken generously shares insights and secrets to sustained success. Beyond his real estate prowess, Ken achieved Eagle Scout at the age of 16. A passionate photographer and world traveler, he and his wife Tammy have explored landscapes from Patagonia to New Zealand. Married since 1984 at Yosemite National Park, the couple shares a profound love for health, cooking, and…