Apartments near UK are sold

A 60-unit apartment complex near the University of Kentucky has been sold for $1.125 million and will soon undergo a renovation.

The complex at 256 Lyndhurst Place was sold to a California couple with a partnering family in Lexington, said Ken Silvestri, who with Fred Pfister of Silvestri-Craig Realtors helped broker the transaction.

The families plan to spend $600,000 to renovate the complex, he said.