Hampshire House & Sprowl Meadows – Louisville Louisville, KY

$9,300,000
Property type:Multifamily

The space

  • Year Built: 1972
  • Units: 130
  • Price per Unit: $71,538
  • Sold: Call for Offers
  • CAP Rate: 6.8%

Description

Louisville, KY – Silvestri Real Estate, in cooperation with Marcus & Millichap, sold the 130-unit asset in the Jeffersontown sub-market of Louisville.  These assets offered a turn-key, cash flowing property with some potential light value-add.  The sellers had renovated all but four apartments (cabinets, counter tops, windows, appliances, flooring, etc.).  Not only had the sellers focused on the interiors, but the mechanical as well by converting the boiler/chiller HVAC to brand new individual split-system units.  With the acquisition, the Nashville-based buyers add to their existing Louisville portfolio.

 

Photography by AerialState.com

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.

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