Hampshire House & Sprowl Meadows 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 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.