Hikes Point Multifamily Townhomes

NEW ROOFS IN MARCH 2026! This 12 unit apartment opportunity is located in Hikes Point, one of Louisville’s most stable, infill submarkets. It consists of three 4-unit buildings each with two-story townhouse style units. Each unit consists of 2 bedrooms and 1.5 baths.

Property is separately metered for LG&E with tenants paying for this cost. Tenants also pay $75 flat fee for water in addition to base rent. The owner has steadily increased rents, and further upside remains for many units. These units are well-located near shopping and other amenities, and the submarket caters to a high demand for stable rental housing.

Financial Information: https://connect.prgproperty.com/deal-room/310?signature=1ba71a62ef13dfaebbcc53c12d1504266a2a84ea8f5c2af50b07d7b9b7172666

• ALL NEW ROOFS MARCH 2026
• 7.2% Cap Rate
• Ability to transfer insurance from current carrier with no increase
• Consistently high occupancy rate
• Room for rent increases