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

Robert Jones, CAM

VP Investment Sales
Robert is the VP of Multi-Family Investment Sales for Silvestri Real Estate. When you ask other team members about Robert, they are quick to say that “he basically ‘holds it all together’ for the rest of us.” Robert’s true focus is sourcing off-market opportunities, specifically in the Louisville and northern Kentucky markets. His background includes onsite management for a REIT as well as senior level management for a privately held multi-family investment group. He currently serves as Vice President for the Greater Lexington Apartment Association.

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