2011 Brownsboro Rd, Louisville, KY 40206

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Building Details:

2011 Brownsboro Rd is located in Louisville, KY.

Clifton Ridge Apartments is an 80 unit complex located in an infill location of East Louisville. The property is well-located on Brownsboro Road in the Clifton Heights neighborhood. The property has excellent exposure and has undergone significant renovation to bring it to full stabilization.

The complex is comprised of 80 units with all 2 BR / 1 BA apartments. It is separately metered for gas and electric with tenants paying for this service. It has undergone a major renovation over the past several years that included full rehab of all interiors, new parking lot, mechanical upgrades, exterior improvements and many sewer and drainage upgrades.

Clifton Ridge is well-located in the Clifton Heights neighborhood of Louisville, a high demand area for quality rental housing. It is a well-established and stable area that has even undergone gentrification over the years, and is one of Louisville’s most convenient and centralized locales. The property is located close to Downtown, the historic Clifton and Crescent Hill neighborhoods on Frankfort Ave., and the East End. There is a great deal of shopping and services nearby for residents, including a renovated Kroger center within walking distance. This area of Brownsboro Road has recently undergone major roadway improvements, including the installation of new sidewalks, which has greatly enhanced pedestrian walkability.

The Louisville apartment market has enjoyed national attention for its excellent
fundamentals. The infill areas in and around Clifton Ridge have been enjoying significant investment from a commercial and residential perspective, and it is well-positioned to continue to provide rental housing to the large tenant base that is seeking quality housing options.

DEAL HIGHLIGHTS
-80 2 BR / 1.5 units; separately metered for gas and electric means low utility exposure; high occupancy

-Significant renovations including renovated kitchens and bathrooms, updated mechanicals, exterior upgrades to greatly enhance aesthetics

-Well-located in stable, infill neighborhood; one of City’s most centralized and convenient locales; major thoroughfare with great exposure and pedestrian walkability

**This listing is also being offered as a portfolio sale with Chateau Village Apartments (MLS #29684339)