3524 Manslick Rd, Louisville, KY 40215

Choose nearby businesses to show on the map:

Building Details:

PRG Investments is serving as the Exclusive Listing Broker for Triangle Park Apartments in Louisville, KY. The property, which is located at 3524 Manslick Road, presents an opportunity to acquire a mid-sized complex in a high demand location. It contains 36 units which are all 2 BR / 1BA apartments. 24 units have been renovated, and the remaining 12 units offer upside potential through further renovation.

This property enjoys strong occupancy and is located in a very high profile location, which offers great exposure for marketing and leasing purposes. There currently exists great upward mobility in rents, as most leases are rented at under-market levels. The property is separately metered for gas and electric with tenants paying for this expense. There is a pleasant courtyard setting in the center of the property.

The Louisville market is currently experiencing excellent multi-family fundamentals, and the demand remains strong for quality workforce rental housing in this asset’s submarket. This presents a great opportunity for a smaller investor to acquire a larger deal, an out of state buyer to break into the local market, or an existing owner in this sub-market to add to their economies of scale in the area.

INVESTMENT HIGHLIGHTS
-Well located in high exposure, high demand area of South Louisville; Strong occupancy levels
-Separately metered for gas and electric; Some renovations in place with newer mechancials
-Upside through upward mobility in rents and further renovation of property
-Take advantage of excellent market fundamentals and historically low interest rates, which offer excellent long term yield opportunities.