4618 W Market St, Louisville, KY 40212

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Building Details:

4618 W Market St is located in Louisville, KY.

This bank-owned multi-family property is located at 4618 West Market Street in Louisville, KY. This stabilized, bank-owned property was constructed in 2008, and is located in a solid location of West Louisville abutting Southwestern Parkway and Shawnee Park. The newer construction and location near the park and the Ohio River present this as the opportunity to acquire one of the more unique and higher quality multi-family assets in the sub-market.

The property contains a very diverse mixture of 11 unit types that cater to a wide audience, including three 2BR / 1.5 BA units (approx. 854 sf), two 3BR/2BA units (approx. 1057 sf), four 3BR/2BA units (approx. 1,456 sf) and two 4BR/2BA units (approx. 1,456 sf). The size and modern functionality of the apartments cater to longer term tenants.
The property is separately metered for gas and electric. It enjoys historically strong occupancy, and typically remains at 100% occupancy. The newer construction, which is atypical for the sub-market, reduces the need for repairs and replacements, which reduces the need for required capital requirements at purchase.
This investment is priced well below recently appraised value.
Deal Highlights
-Large apartments with diverse unit mix; caters to wide range of long-term tenants.
-Historically strong occupancy; 2008 construction is unique for sub-market; limits needs for capital improvements or immediate repairs.
-Located in ideal location in high demand sub-market, near Shawnee Park and Ohio River
-Priced well below appraised value; take advantage of excellent market fundamentals and historically low interest rates to enjoy solid long term yield.