7602-7604 Garrison Rd - Apartments FOR SALE


Louisville, KY 40214- South Louisville
$1,137,500 USD
502-645-1729
7602-7604 Garrison Rd, Louisville, KY for Sale
$1,137,500 USD
Apartments - FOR SALE
1/4
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7602-7604 Garrison Rd
Louisville, KY 40214
South Louisville


HIGHLIGHTS

  • Professionally renovated apartments with modern upgrades completed in most units.
  • All 16 apartments are individually metered for gas and electric, reducing common utility expenses.
  • Adjacent to a major industrial park and close to Louisville’s prominent employment hubs, ensuring strong tenant demand.
  • Located within a quiet, established residential neighborhood, blending proximity to jobs with a comfortable living environment.
  • Parking area recently upgraded to enhance safety and overall property appeal.

OVERVIEW

This well-positioned 16-unit multifamily property is located in a mature, stable South Louisville neighborhood, offering both immediate income and long-term upside.The property includes extensive renovations in most apartments and an upgraded parking lot. Each of the spacious 1-bedroom, 1-bathroom units is individually metered for gas and electric, providing efficient utility management. On-site laundry facilities add convenience for residents and additional revenue.Ideally situated adjacent to a large industrial park and near major employment centers, this property caters perfectly to the workforce housing segment — a consistently strong performer in the Louisville market. The community also borders a quiet single-family neighborhood, offering tenants a comfortable residential environment. With steady demand for workforce housing and continued rent growth across the market, investors can expect high occupancy and reliable cash flow. The information in this listing was obtained from sources deemed to be reliable. The broker does not warrant or represent any information provided.

FOR SALE DETAILS

PRICE

$1,137,500 USD

PRICE/SF

$95 USD /SF

# OF UNITS

16

PRICE/UNIT

$71,094

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Yorktown II

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,305 SF

ZONING

R7

APN/PARCEL ID

139303160000

ASK ABOUT THIS PROPERTY

Jenny JohnstonColliersMore Info
502-645-1729

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Jenny JohnstonColliersMore Info
502-645-1729

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