Hikes Point Multifamily 34 Units

This 34 unit apartment opportunity is located in the heart of Hikes Point, one of Louisville’s most stable, infill submarkets. It consists of two separate properties on the same street. The 3242 & 3245 Orchard Manor Circle property has Twelve 2br/2ba units and Twelve 1br/1ba units. These are located at the end of the street in a cul-de-sac. The other property, 3221-3235 Orchard Manor Circle consists of Ten 2br/1.5ba two-story townhouse units.

Each property is separately metered for LG&E with tenants paying for this cost. There is also a flat-fee water charge that tenants pay monthly in addition to the rent. The owner has steadily increased rents, and further upside remains for many units. The property enjoys professional management and has undergone many improvements over the past several years including new roofs on all buildings. These units are well-located near shopping and other amenities, and the submarket caters to a high demand for stable rental housing.

Contact Jon Fairfield to review expenses and NOI. Rent Roll and T12 are located in the Deal Room here: https://connect.prgproperty.com/deal-room/356?signature=a8bc16291aa17bfa74c5d12e239121d81a85afe068a2a5f7cc0b507395719356

The information in this listing was obtained from sources deemed to be reliable. Broker does not warrant or represent any information.