101 Markwell Ct, Louisville, KY 40219

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Building Details:

101 Markwell Ct is located in Louisville, KY.

Markwell Apartments is an 88 unit complex located in South Louisville. The complex is fully stabilized with upside potential in an area that enjoys high demand for rental housing in a uniquely quiet location. The property is
comprised of 56 2 BR/1 BA units and 32 1BR/1BA units.

It is a well maintained complex with long-term, hands-on ownership, and is located near the major South Louisville thoroughfare of Preston Highway. While close to shopping and major commercial centers, the property’s immediate surroundings offer a uniquely quiet and serene setting. It is located on a residential street surrounded by single family homes and abuts a large neighborhood park and elementary school. Markwell has enjoyed historically high occupancy and rents are currently undermarket, presenting immediate upside opportunities for a buyer. A stable tenant base enjoys the safe, quiet surroundings located near employment centers.

The multifamily fundamentals in Louisville are some of the most desirable in the region. The stability of the economy and huge gain of industrial and logistics related jobs increase the demand for workforce housing at properties like Markwell Apartments. This presents the opportunity for a purchaser to acquire a stabilized asset with further upside that offers some of the more quality housing opportunities in the area.

DEAL HIGHLIGHTS
-88 units comprised of 56 2BR/1BA and 32 1BR/1BA units; well-maintained with long term ownership

-Located in serene location on single family street abutting large neighborhood park and elementary school; near shopping and employment centers

-Historically high occupancy and upside potential in rents; area has strong demand for rental housing

-Asking Price: $3,000,000