The Phoenix Apartments

1708 Jennifer Road, Lexington, KY 40505

  • For Sale $5,000,000
  • Property Type Other
  • Units 80
  • Additional Rent Contact for pricing
  • Date Updated Nov 4, 2024

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.

Want more info on this listing?

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.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact The Phoenix Apartments