Investment Overview

Marcus Millichap is pleased to announce the exclusive listing of Auburndale Place, a 28-unit multifamily asset in the Auburndale Neighborhood of Southwest Louisville. This is a stabilized asset with a clear, low-risk path toward NOI growth with current effective rents sitting approximately $150 below market, and the gap can be achieved without additional renovation or capital investment. Key Highlights: • All 28-Units are two-bedroom/ one bath, with a large majority of those units being the larger 900-square-foot layout. • Major system upgrades including full electrical replacement (copper wiring & panels), individual HVAC systems, and complete plumbing conversion to PVC/PEX, plus multiple additional property enhancements. • Strategic positioning within minutes of Louisville’s largest employment concentrations, just minutes from multiple industrial parks and the Nation’s 3rd busiest cargo airport (which is home to the UPS Worldport Global Air Hub) • Value-add opportunity with In-Unit Washer/Dryer Installation (Hookups in Place) opening up the ability to Capture Rent Premium with Attractive Return on Cost Situated within one of the region’s most workforce-dense corridors, the property is positioned for continued performance and growth supported by durable demand across logistics, manufacturing, and distribution sectors.