Properties
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***CLICK HERE FOR LISTING DETAILS AND DOCUMENT VAULT*** Silvestri Real Estate is pleased to present the exclusive listing of 1901 Apartments, a 108-unit multifamily asset located in Lexington, Kentucky. 1901 Apartments has an attractive unit mix of one (47.22%) and two bedroom (52.78%) apartment homes. 1901 has been well maintained by the owner for the last 4 years, and is ready to be taken to the next level. Since 2019, the owner has infused approximately $2.2MM in capital improvements to the property. The value add opportunity lies in finishing out renovations (14 full renovations and 34 partial renovations average rent…
***CLICK HERE FOR LISTING DETAILS AND DOCUMENT VAULT*** Silvestri Real Estate is pleased to present the exclusive listing of Twenty-Two Twenty, a 96-unit apartment community located in Lexington, Kentucky. Twenty-Two Twenty has an attractive unit mix of two bedroom (x71), three bedroom (x24) and four bedroom (x1) units. Twenty-Two Twenty has been well maintained by the owner for the past four years and is ready to be taken to the next level. Since 2019, the owner has infused approximately $1.6MM of capital improvements into the property. The value add opportunity lies in finishing out renovations (45 units remaining with an…
*Sold in Cooperation with Lee & Associates – Ricore (Broker of Record)
Portfolio Sale of 365 total units over 5 properties in Frankfort, KY. The successful call for offers process resulted in 21 initial offers. Raven Crest Apartments – 142 Units Eastwood Gardens – 88 Units Tierra Linda Apartments – 73 Units Penthouse Apartments – 36 Units Pin Oak Square Apartments – 26 Units
Silvestri Real Estate represented the seller.
This sale included apartments and mixed-use commercial space.
This off-market, post-value add sale involved navigating a Fannie Mae loan assumption.
This off-market, Class-A sale involved navigating a HUD loan assumption. *Photos by Aerial State Photography
SRE worked in cooperation with David Allen of AreaLEX Real Estate in this transaction.
Student property located near the University of Kentucky.
Silvestri Real Estate worked in cooperation with Marcus & Millichap. Photography by AerialState.com
