Description
UNITS: 96 | YEAR BUILT: 1967 | SQFT: 74,300
Investment highlights
Marcus and Millichap is pleased to announce Southview Apartments, a 96-unit apartment complex. This is a well-maintained investment opportunity in a stable neighborhood that has direct access to industrial employers such as UPS, Amazon, and Louisville International Airport.
Recession-Resistant Opportunity
Renters in workforce housing tend to be long-term tenants that live by necessity, making this an attractive asset to investors due to its resilience during economic down-turns.
Buy and Hold
Favorable debt markets provide strong cash-on-cash return opportunity for a great buy and hold play in a desirable submarket.
Access to Top Notch Employment
Louisville, Kentucky is home to three Fortune 500 companies. Companies are drawn to the region’s low cost of doing business. Some of the largest employers in the area include Yum! Brands, Kindred Healthcare, Humana, and Ford. It is also home to UPS Worldport, the world’s largest package handling facility.
Listing Details
| Price: | $Market Bid |
|---|---|
| Address: | 7410 Southside Drive |
| City: | Louisville |
| State: | Kentucky |
| Year Built: | 1967 |
| Floors: | 3 |
| Property Type: | MultiFamily |
|---|---|
| Construction: | Wood Framing |
| Exterior: | Brick |
| Flooring: | LVP |
| Heat/Cool: | Boiler/Chiller System |
Photos
