Capital City Portfolio – UNDER CONTRACT Frankfort, KY

Contact us for pricing
Property type:Multifamily

Description

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Frankfort, KY

Investments Highlights

  • 339 Value-Add Units
  • In-Place NOI of over $1.1MM
  • Market home ownership 16% below the national average
  • Meticulously maintained by local owners for the last 20+ years
  • Attractive unit mix with 234 of the 339 units being 2 bedroom (or larger) floor plans
  • Rent Increases of $100+ achievable after renovation
  • All assets located within 3.4 mile radius
  • Available all-cash

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…