Description
This 12 unit apartment opportunity is located in Hikes Point, one of Louisville's most stable, infill submarkets. It consists of two buildings with 2 bedroom and 1 bath units. Property is separately metered for LG&E with tenants paying for this cost. The owner has steadily increased rents, and further upside remains for many units. Hikes Point is a very mature, stable submarket of Louisville and boasts attractive area amenities. The Louisville market experiences very high demand for workforce housing due to limited inventory, so investors will continue to enjoy strong occupancy and rent growth.
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0BEDS
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0.55ACRES
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0BATHS
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01/2 BATHS
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10,716SQFT
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$89$/SQFT
School Ratings & Info
Description
This 12 unit apartment opportunity is located in Hikes Point, one of Louisville's most stable, infill submarkets. It consists of two buildings with 2 bedroom and 1 bath units. Property is separately metered for LG&E with tenants paying for this cost. The owner has steadily increased rents, and further upside remains for many units. Hikes Point is a very mature, stable submarket of Louisville and boasts attractive area amenities. The Louisville market experiences very high demand for workforce housing due to limited inventory, so investors will continue to enjoy strong occupancy and rent growth.
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Listing provided courtesy of PRG Commercial Property Advisors: (502) 365-3840.
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