185 Donabrook – UNDER CONTRACT Lexington, KY

$1,050,000
Property type:Multifamily

The space

  • YOC: 1974
  • Units: 15
  • In Place NOI: $104,095
  • Proforma NOI: $67,255

Description

Silvestri Real Estate is pleased to present the exclusive listing of Donabrook 15, a 15-unit multifamily building located off Nicholasville Road and near the Fayette Mall.  The owners have meticulously maintained the asset for over seven years.  The new owner will not only have day-1 cash flow, but also the upside in potential rent increases with the current LTL being $83/unit/month.

Donabrook 15 is available all cash and the seller financing is NOT available.

 

Investment Highlights:

  • With extremely high barriers to entry, the Lexington multifamily market has been a consistently high-performing market for apartment investments.
  • Nearby points of interest include:
    • 0.2 miles to Wildwood Park
    • 0.5 miles to Nicholasville Road
    • 0.6 miles to Fayette Mall
    • 0.7 miles to New Circle Road
    • 0.8 miles to Shillito Park
    • 1.4 miles to The Summit at Fritz Farm
    • 1.6 miles to Man O’ War Blvd.
    • 2.5 miles to Baptist Health Hospital
    • 3.2 miles to the University of Kentucky Hospital
    • 3.3 miles to the University of Kentucky (Lexington’s largest employer)
    • 7.7 miles to Bluegrass Airport
  • In-Unit washer/dryer connections.
  • Shingles are approximately 10 years old.
  • HVAC – Heat Pump

 

Utilities

  • Electricity – Individually Metered and Tenant Paid
  • Water/Sewer – Individually Metered and Tenant Paid
  • Trash – Owner Paid

 

CLICK HERE FOR MARKETING MATERIALS

Contact the Agent

Ken Silvestri

Owner/Principal Broker
Ken Silvestri  has deep roots in Lexington.  As a youngster in the 1960’s he worked at his grandfather’s fruit stand located in downtown. He is the owner and principal broker at Silvestri Real Estate. Ken began his career in residential real estate in 1990. By 1994, he was recognized as one of the top producing agents in the United States at Re/max International.   In 2000, he transitioned to apartment community brokerage. And that is now his Teams specialty.  Their tagline is ‘Single Focus-Multifamily’.    The team has brokered over 8000 apartment units in Lexington with total lifetime sales near one billion dollars. He and his wife Tammy (of 37 years) own apartments in Lexington and have their offices at Goodwin Square. Ken is a board member of Fayette Alliance. Ken is an avid hiker and photographer capturing landscapes from Patagonia to New Zealand. Check out my recent appearance on “Elevate with Tyler Chesser” podcast! E239…