The Phoenix Apartments

1708 Jennifer Road, Lexington, KY 40505

Silvestri Real Estate is pleased to present the exclusive listing of The Phoenix Apartments, an 80-unit multifamily opportunityinLexington,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.

Phoenix Apartments offers 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.

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Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • Lexington, Kentucky, known as the Horse Capital of the World, is a vibrant and charming city with a rich history and numerous attractions.
  • Investing in Lexington, Kentucky, is an opportunity that combines rich heritage, economic stability, and promising growth prospects.
  • With its thriving horse industry, historic charm, and a diverse range of investment sectors, Lexington presents a compelling case for investors.
  • The citys horse culture draws in tourism, generating revenue and stimulating local businesses.
  • The presence of the University of Kentucky fosters innovation, research, and a skilled workforce,attracting businesses and driving economic development.
  • Lexingtons strategic location within the states bourbon industry offers enticing investment prospects in the booming whiskey market.
  • Combined with the citys pro-business environment and favorable tax policies, investing in Lexington provides a solid foundation for success.
  • With a strong sense of community, stunning landscapes, and a vibrant cultural scene,Lexington offers both an excellent quality of life and a lucrative investment environment.

Contacts

broker

Brandon Cutwright

broker

Robert Jones

broker

Ken Silvestri

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent

  • Transit Score ®

    32/100 Some Transit

  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Lexington, KY
  • Neighborhood Eastland Parkway
  • Zip Code 40505
  • Market Lexington

Points of Interest

  • Speedway

    0.70 miles

  • Thorntons

    0.86 miles

  • Sam's Club Fuel Center

    0.87 miles

  • Kroger

    0.96 miles

  • Marathon

    1.09 miles

  • Shell

    1.49 miles

  • Walmart Fuel

    1.71 miles

  • Lex Express

    1.72 miles

  • Tesla Supercharger

    2.73 miles

  • ChargePoint

    3.21 miles

  • Country Inn & Suites by Radisson, Lexington, KY

    1.30 miles

  • Common Grounds

    2.41 miles

  • Courthouse Plaza

    2.42 miles

  • LFUCG Garage

    2.46 miles

  • Helix Parking Garage

    2.49 miles

  • Phoenix Lot

    2.51 miles

  • Library Parking

    2.53 miles

  • Victorian Square parking garage

    2.62 miles

  • Calvary Baptist Churc

    2.63 miles

  • AOII parking lot

    2.70 miles

  • Country Inn & Suites

    1.29 miles

  • Holiday Inn Express

    1.41 miles

  • Best Western Lexington Inn

    1.52 miles

  • SureStay Plus Hotel by Best Western Lexington

    1.53 miles

  • Fairfield Inn & Suites Lexington East \ I-75

    1.53 miles

  • Hampton Inn

    1.53 miles

  • GuestHouse Inn & Suites

    1.55 miles

  • Comfort Inn & Suites

    1.56 miles

  • Motel 6

    1.63 miles

  • Quality Inn

    1.66 miles

  • Sugano Japanese Restaurant

    0.22 miles

  • Hardee's

    0.76 miles

  • Waffle House

    0.80 miles

  • KFC

    1.00 miles

  • White Castle

    1.00 miles

  • Dunkin'

    1.01 miles

  • McDonald's

    1.08 miles

  • Sarah's BBQ

    1.10 miles

  • Liberty Road Cafe

    1.11 miles

  • Jasmine Rice

    1.21 miles

  • Yates Elementary School

    0.12 miles

  • Dixie Magnet Elementary School

    0.80 miles

  • Deep Springs Elementary School

    0.89 miles

  • Crawford Middle School

    1.08 miles

  • Frederick Douglass High School

    1.16 miles

  • Northern Elementary School

    1.18 miles

  • Bryan Station High School

    1.27 miles

  • William Wells Brown Elementary School

    1.56 miles

  • Arlington Elementary School

    1.60 miles

  • Martin Luther King Junior Academy for Excellence

    1.64 miles

  • ABC 123 Learning Center

    1.73 miles

  • The Nest Center for Women, Children and Families

    1.99 miles

  • Center For Children

    2.41 miles

  • Wee Care

    2.49 miles

  • Crestwood Childcare Center

    3.94 miles

  • Fayette Cooperating Preschool & Kindergarten

    4.16 miles

  • Pepperhill Day School & Camp

    4.63 miles

  • La Petite Academy

    4.90 miles

  • KinderCare

    6.19 miles

Frequently Asked Questions

How much does The Phoenix Apartments cost?

The space currently listed for sale at The Phoenix Apartments asks for $5,000,000.

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Contact The Phoenix Apartments