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Silvestri Real Estate is pleased to present the exclusive listing of The Phoenix Apartments, an 80-unit multifamily opportunity in Lexington, Kentucky. The Phoenix Apartments are a split site asset with 71 units located at 1708 Jennifer Road and 9 units located less than a half-mile away at 1582 Martha Court.
The Phoenix Apartments offer a fantastic value-add opportunity with multiple nearby rent comps achieving $200+/month in additional rent after recent renovations and efficient management.
Located just outside the intersection of New Circle Road and Winchester Road, The Phoenix Apartments are ideally located to access I-75/64, downtown Lexington, the University of Kentucky and the highly desired Hamburg Pavilion.
Seller financing is not available and there is no assumable loan to maintain.