Multifamily
Lofts on Ormsby
512 W Ormsby Ave, Louisville, KY 40203
Listing Price: $10,000,000
Cap Rate
6.25%
Number of Units
128
GRM
8.88
Occupancy
95.0%
Price/Unit
$78,125
Price/Gross SF
$117.65
Gross SF
85,000
Investment Overview
This seven-story property offers a mix of studio and one-bedroom apartments, modernized with a heated swimming pool, new recreational rooms, a business center, high-speed internet access, secure entryways, and updated elevators.
Investment Highlights
- Separate Gated Parking Lot, New Heated Swimming Pool, Luxurious Amenity Package
- Near the University of Louisville and Downtown
- Strong Occupancy with Rent Upside
Exclusively Listed By
Financing By
Listing Price: $10,000,000
Cap Rate
6.25%
Number of Units
128
GRM
8.88
Occupancy
95.0%
Price/Unit
$78,125
Price/Gross SF
$117.65
Gross SF
85,000
Investment Highlights
- Separate Gated Parking Lot, New Heated Swimming Pool, Luxurious Amenity Package
- Near the University of Louisville and Downtown
- Strong Occupancy with Rent Upside
Investment Overview
This seven-story property offers a mix of studio and one-bedroom apartments, modernized with a heated swimming pool, new recreational rooms, a business center, high-speed internet access, secure entryways, and updated elevators.
Exclusively Listed By
Financing By