Lexington, KY – Silvestri Real Estate is pleased to present the exclusive listing of Eagle Creek Townhomes, a 50-unit multifamily property in Lexington, KY. Built in 1997, Eagle Creek Townhomes is the ideal value-add asset.
Below market rents, consistently high occupancy and new construction nearby provide the opportunity for the new buyer to complete a light renovation program that should yield significant rent increases. The current owners have renovated six units with an average rent increase of approximately $100. Eagle Creek is available all cash allowing the new owner the ability to take advantage of the current interest rates.
Site visits will be available to prospective purchasers by appointment only. Prospects will be shown a representative sample of apartments as well as common areas and maintenance facilities. All property tours must be scheduled and require advance notice. Due to high occupancy, only occupied units will be available to tour. Please contact Brandon Cutwright or Robert Jones to schedule your tour. Please do not contact on site management/staff.
Timeline for Offers:
November 16th, 2020 – Initial Offers are Due
November 17th, 2020 – All offers will be notified if they are moving into the best and final round
November 18th, 2020 – Best and Final offers are due
November 20th, 2020 – Property awarded to the winning buyer
Ken is the Owner and Principal Broker of Silvestri Real Estate and is the marketing and sales specialist for the team. A native of Lexington, Ken has been Lexington’s #1 Commercial Realtor (according to Lexington Bluegrass Association of Realtors) for more than a decade. His driving obsession is to be the best. Ken has been recognized as a member of the Re/Max Hall of Fame and as a CoStar Power Broker. Ken’s distinguished track record is rooted in his commitment to being a disciplined finisher and his relentless dedication to his customers’ satisfaction. Ken is a graduate of the Dale Carnegie course and has been a repeat guest lecturer at the University of Kentucky on sales, marketing and sales psychology.