Matthews Real Estate Investment Services is pleased to present the value-add opportunity of the Parkside Apartments at 810-811 Howard Avenue. The renovated units are currently achieving a $75/month premium on partially renovated units. With light upgrades, an incoming investor can bring the remaining units to similar finishes and average $900/month for one and two-bedroom units, an increase of over $5,500 per month of revenue, adding $943,000 of value when capitalized at a 7% cap rate. The Parkside Apartments are located blocks from 10th Street, offering proximity to shopping, dining, and entertainment options, and around the corner from Bob Hedge Park. Additionally, tenants benefit from easy access to Jeffersonville Waterfront Park and the Louisville Waterfront Park, with walking and biking paths that connect the two. The property is also only minutes from the University of Louisville, Indiana University Southeast Graduate Center, and Southern Baptist Seminary. Furthermore, the River Ridge project is less than 15 minutes from Jeffersonville, a 6,000-acre business park. Notable key city investments highlight the fact that the property is located in Jeffersonville, IN, a 5-minute drive across the bridge to Louisville, and has established itself as a gentrifying and growing market. A couple of notable investments in the city include: Canadian Solar, building a solar cell plant to create 1,200 jobs, Jeffboat redevelopment, a $1B plan to redevelop 100-acre riverfront, which would include a park, hospitality, mixed-use commercial, and multifamily property, $33MM natatorium in planning by the city. Opportunity to assume the existing loan: Loan details: Freddie Interest Rate: 3.82 Maturity: 3/1/2029 As of Feb 2025 - Unpaid Principal Balance: 2,140,616 Amortization: 30 Years Broker of Record: Kyle Matthews, License No. RC52200195 (IN), (866) 889-0550 Matthews Real Estate Investment Services 1600 West End, Ste. 1500 Nashville, TN 37203