502-645-1729
7312 Six Mile Ln, Louisville, KY for Sale
Apartments - FOR SALE
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7312 Six Mile Ln
Louisville, KY 40220


HIGHLIGHTS

  • 45 2BR and 3 1BR units
  • Quality high-demand location/Historically high occupancy
  • Upside potential in rents and RUBS implementation (water)
  • Recent roof and window replacements
  • Well maintained by long-term owner
  • Coin-op laundry & potential for in-unit washer/dryer hookups

OVERVIEW

Long-Term Owner & Established Tenancy Hallmark Apartments is a well-maintained 48-unit multifamily community located in the highly desirable Hikes Point submarket. Owned and professionally managed by the same long-term owner for many years, the property has consistently achieved strong occupancy levels and demonstrates a proven history of stable operations. The asset has benefited from significant capital improvements, including the replacement of all roofs and windows in 2021. In addition, a majority of the apartment homes have received interior updates, enhancing both resident appeal and long-term value. Hallmark Apartments features mostly 2BR apartments, allowing the property to achieve a more enhanced income potential. The community has coin-operated laundry, and the units could accommodate future washer/dryer hookups. The property is separately metered for gas and electric service helping minimize utility expense exposure and contributing to operational efficiency. High Demand Location Ideally situated in the sought-after Hikes Point area, the property offers residents convenient access to major retail destinations, employment centers, interstate highways, and a variety of everyday amenities. Its strong location, history of occupancy, and recent capital investments position Hallmark Apartments as an attractive opportunity for investors seeking a stable, well-performing multifamily asset with continued upside potential.

FOR SALE DETAILS

PRICE

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# OF UNITS

48

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hallmark Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

96

LAND DETAILS

LAND ACRES

2.59 AC

LAND SF

112,820 SF

ZONING

R7

APN/PARCEL ID

187606650000,187606660000

ASK ABOUT THIS PROPERTY

Jenny JohnstonColliersMore Info
502-645-1729

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Jenny JohnstonColliersMore Info
502-645-1729

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