Offered Separately, Can Be Bought As A Portfolio - 43 units Del Rio, 28 units Bon Air Del Rio presents investors with a compelling value-add opportunity in one of Louisville’s most stable and growing submarkets. The property remains largely in their original condition aside from limited turnover updates, allowing new ownership to unlock significant upside through interior modernization and amenity upgrades. Renovations such as updated cabinetry, contemporary flooring, resurfaced countertops, upgraded lighting, and energy-efficient appliances can meaningfully elevate rental income and resident appeal. Additionally, the offering includes a single-family home adjacent to Del Rio—leased for $1,220 per month—providing immediate ancillary income and operational flexibility. Under the same family ownership since original construction, Del Rio is professionally managed by third-party operators and are positioned for a seamless transition. The property benefits from proximity to Louisville’s largest employment hubs, including UPS Worldport (24,000 jobs) and Ford’s Louisville Assembly Plant, which recently received a $2 billion investment. Nearby Jeffersontown—home to the 1,800-acre Bluegrass Commerce Park with nearly 38,000 workers—further bolsters consistent tenant demand. Additional growth catalysts such as GE Appliances’ $490 million expansion, the new 1,000-job Norton Children’s campus, and the $400 million renovation of Louisville International Airport reinforce the city’s long-term economic vitality. Louisville continues to distinguish itself as one of the Midwest’s most dynamic economies, attracting billions in investment and thousands of new jobs across logistics, manufacturing, and healthcare. Del Rio’s strategic location—less than 15 minutes from major employers, airports, and premier retail destinations like Mall St. Matthews and Oxmoor Center—positions the assets to capture both current demand and future rent growth. Backed by a diversified employment base and ongoing regional expansion, this offering provides investors an opportunity to acquire well-located, generationally owned assets with substantial operational and value-enhancement potential.