4860 Fegenbush Lane, Louisville, KY 40228

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Frank W S.

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Building Details:

4860 Fegenbush Lane is amulti-family property for lease in Louisville, KY.

Maplewood Apartments is a 277-unit complex comprised of 44 four-plex buildings (151 2-BR units, 12 1-BR units,12 3-BR units and one unit used as rental office), 40 townhouses[36 3-BR/1.5B(10 with basements), 2 3-BR/2B, and 2 4-BR/2B], one 12-plex (1-BR/1B units), one 16-plex (1-BR/1B units), and 33 units (30 2BR/1B + 3 1BR/1B) located within 7 6-plex buildings.

The various units were built between 1969 and 1974 and all have been updated.

Surrounding area has seen upsurge in new growth in recent years: 70 acres of attractive new homes developed across the street; the relocation of Mercy Academy (over 500 students) to 5801 Fegenbush; and Global Business Park, a redevelopment of a portion of GE appliance park that fronts on Fegenbush Lane. In addition, GE is investing $600 million and creating 830 new jobs for new production lines (hybrid water heaters in 2011 and "smart" washers and dryers in 2012), and has announced plans for anotehr $194 million investment and 300 additional jobs to make "green" refrigerators in 2014.

South Hurstbourne Parkway joins Fern Valley Road at Fegenbush one mile to the south and extends westward 5 miles to Worldport (UPS air hub), the Ford Assembly Plant (being retooled to produce a fuel-efficient vehicle by 2011), and Louisville International Airport.

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