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Multifamily

Nightingale Apartments

1447 Nightingale Rd, Louisville, KY 40213

Listing Price: $4,550,000

Cap Rate
3.06%
Number of Units
65
Occupancy
90.0%
Price/Unit
$70,000
Price/Gross SF
$150.67
Gross SF
30,198

Investment Overview

Marcus & Millichap is pleased to present Nightingale Apartments located in Louisville, Kentucky. This 65-unit complex offers a variety of floorplans and a convenient location. Nightingale offers 12 one bed / one bath units just under 700 square-feet, and 52 two bed / one bath units at 966 square-feet. There is an additional three bed / one bath unit at 1,260 square-feet. Nightingale is located off the dense Poplar level road retail corridor, which is centrally located to employment and shopping destinations. Each building has a basement. The majority have free laundry machines for tenants usage. A few tenant assistance programs will pay much higher than current rents if seller pays electric on top of the water bill. On market rate tenants, seller pays water sewer trash.

Investment Highlights

  • Convenient Location Next to Both I-65 and I-264
  • Near Several Retail Centers
  • Short Drive to Downtown Louisville
  • Current Owner has Spent 500K,000+ in CapEx Expenses

Exclusively Listed By

Multifamily

Nightingale Apartments

Listing Price: $4,550,000

Cap Rate
3.06%
Number of Units
65
Occupancy
90.0%
Price/Unit
$70,000
Price/Gross SF
$150.67
Gross SF
30,198

Investment Highlights

  • Convenient Location Next to Both I-65 and I-264
  • Near Several Retail Centers
  • Short Drive to Downtown Louisville
  • Current Owner has Spent 500K,000+ in CapEx Expenses

Investment Overview

Marcus & Millichap is pleased to present Nightingale Apartments located in Louisville, Kentucky. This 65-unit complex offers a variety of floorplans and a convenient location. Nightingale offers 12 one bed / one bath units just under 700 square-feet, and 52 two bed / one bath units at 966 square-feet. There is an additional three bed / one bath unit at 1,260 square-feet. Nightingale is located off the dense Poplar level road retail corridor, which is centrally located to employment and shopping destinations. Each building has a basement. The majority have free laundry machines for tenants usage. A few tenant assistance programs will pay much higher than current rents if seller pays electric on top of the water bill. On market rate tenants, seller pays water sewer trash.

Exclusively Listed By

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