Value-Add Multifamily Portfolio Multi-Family FOR SALE


Louisville, KY - Old Louisville
$2,950,000 USD
502-645-1729
, Louisville, KY for Sale
$2,950,000 USD
Multi-Family - FOR SALE
1/9
null | Request Cap Rate

Value-Add Multifamily Portfolio
Louisville, KY
Old Louisville


HIGHLIGHTS

  • Up to 57 units
  • Three of four buildings recently renovated
  • Central location near the University of Louisville and Spalding University
  • Value add potential with fourth building

OVERVIEW

This Old Louisville multifamily opportunity consists of up to 57 total units spread across four buildings on the same block. Three buildings have undergone a comprehensive renovation program. Capital improvements include selective demolition to enhance unit layouts, fresh exterior paint, new gutters and downspouts, and new energy efficient windows. Interior upgrades feature updated electrical systems, substantial plumbing improvements, new window air conditioning units, and ventless gas heating systems in each unit. Units also received new flooring, modern kitchens with granite, updated cabinetry, new appliance, refreshed bathrooms, and other finishes that support strong tenant demand. The fourth building has been completely gutted and is currently undergoing renovation. The properties benefit from their proximity to major institutional demand drivers, including Spalding University immediately to the north and the University of Louisville just a few blocks to the south. This offering provides investors with the opportunity to purchase all buildings at a discounted price-per-unit, and add value by finishing the vacant building.

ASK ABOUT THIS PROPERTY

Jenny JohnstonColliersMore Info
502-645-1729

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

Jenny JohnstonColliersMore Info
502-645-1729

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