615-861-9906
111 Erie Ct, Shepherdsville, KY for Sale
Apartments - FOR SALE
1/34
null | Request Cap Rate

111 Erie Ct
Shepherdsville, KY 40165


HIGHLIGHTS

  • Assumable Loan (optional)
  • Prime Value-Add Opportunity
  • Turnkey Investment with Immediate Upside in Rent Growth
  • Robust Market Fundamentals and Proximity to Ford Blue Oval
  • Market Trajectory and Recent Capital Investments

OVERVIEW

Northmarq  is pleased to present Lakeview Gardens, a 138-unit garden-style apartment community located in Shepherdsville, KY, Louisville MSA. With 103 of the 138 units already renovated, new ownership has the opportunity to update the remaining 35 units to a luxury standard. The property's expansive grounds offer ample opportunity for exterior enhancements, such as adding amenities to elevate the resident experience which will increase retention and drive rent premiums. At the current 98.6% occupancy, Lakeview Gardens demonstrates strong operational performance and has been 95%+ for last last 2-3 years with steadily increasing rates. The property bene?ts from convenient access to Interstate 65, providing residents with easy connectivity to employment hubs and economic drivers throughout the Louisville MSA. Shepherdsville has experienced rapid growth, with a 6.33% population increase since 2020 and further growth expected in 2026, indicating strong market fundamentals and stable demand. Positioned in a thriving submarket with proven rent growth potential, Lakeview Gardens offers investors a prime opportunity to enhance net operating income (NOI) through continued renovations, value-add strategies, and enhanced market positioning.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

138

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeview Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

225

LAND DETAILS

LAND ACRES

11.14 AC

LAND SF

485,415 SF

ZONING

-

APN/PARCEL ID

401858,402198

ASK ABOUT THIS PROPERTY

Adam KlenkNorthmarqMore Info
615-861-9906

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Adam KlenkNorthmarqMore Info
615-861-9906

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.