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Description

Sprowl Meadow Apartments is a well-located, 76 unit investment property in a quality location off Taylorsville Road in Jeffersontown. Close to all major roadways, bus lines, shopping, restaurants and schools, this investment offers excellent exposure in a stable, high demand rental area. The all brick construction buildings have had long term owners and have enjoyed historically high occupancy. Take advantage of the Louisville market's strong apartment fundamentals with this attractive and stable investment. There is upside potential with the upward mobility in rents. This opportunity presents an excellent yield and solid income stream. Offered free and clear of existing debt, which enables a buyer to take advantage of the incredible leveraged returns from historically low interest rates. Unit Mix: 48 2 BR/ 1 BA 27 1 BR/ 1 BA This asset is part of a larger portfolio offering of 150 units. Inquire with agent for further details. Building price details: $1,900,000.

Property Details

• Type: Multifamily
• Status: Available
• Year Built: 1972
• Buildings: 1

Map Locations