Phoenix Apartments Lexington, KY

$5,000,000
Property type:Multifamily

The space

  • Year Built: 1964
  • Units: 80

Description

***CLICK HERE TO ACCESS THE LISTING SITE***

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.

***CLICK HERE TO ACCESS THE LISTING SITE***

Contact the Agent

Ken Silvestri

Owner/Principal Broker
Ken Silvestri, the powerhouse behind Silvestri Real Estate, leads Kentucky’s premier multifamily brokerage firm. A Lexington native, Ken initially conquered the residential real estate market in 1990, earning the impressive rank of #3 among 40,000 agents at Re/max International. Transitioning to apartment sales in 2000, he has since achieved sales exceeding one billion dollars, consistently earning Silvestri Multifamily the #1 POWERBROKER title from CoStar since 2016. Ken’s visionary leadership extends to the formation of the SILVESTRI TEAM, comprising top talents Brandon Cutwright and Robert Jones.   Featured on the “Elevate” podcast, Ken generously shares insights and secrets to sustained success. Beyond his real estate prowess, Ken achieved Eagle Scout at the age of 16. A passionate photographer and world traveler, he and his wife Tammy have explored landscapes from Patagonia to New Zealand. Married since 1984 at Yosemite National Park, the couple shares a profound love for health, cooking, and…