401 Kenilworth Rd - Apartments FOR SALE


Louisville, KY 40206
$1,250,000 USD
502-643-9908
401 Kenilworth Rd, Louisville, KY for Sale
$1,250,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

401 Kenilworth Rd
Louisville, KY 40206


HIGHLIGHTS

  • Located in a densely populated submarket with less than 6% vacancy
  • Fully renovated within the past 6-7 years including mechanical, electrical, and a roof replacement in 2019
  • Current rental rates at less than 75% of comparable assets
  • Close proximity to Clifton, NULU, and Downtown Louisville

OVERVIEW

The Property was built in 1963, fully renovated between 2016-2022, and consists of a 0.4-acre site improved with 13 fully occupied apartments, 7 of which are 2 BR/1BA and 6 are 1 BR/1BA. Situated along lower Brownsboro Rd, the Property benefits from its premier location in the heart of Louisville, in one of its most desirable submarkets in Louisville given the proximity to Downtown, Clifton, and NuLu.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

13

PRICE/UNIT

$96,154

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Light on a Hill Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

-

APN/PARCEL ID

088B00260000

ASK ABOUT THIS PROPERTY

Clay ManleyNAI Fortis GroupMore Info
502-643-9908

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Clay ManleyNAI Fortis GroupMore Info
502-643-9908

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