3242-3245 Orchard Manor Cir, Louisville, KY 40220

This 24-unit apartment opportunity includes twelve 2BR/2BA units and twelve 1BR/1BA units. The units are situated at the end of a street in a peaceful cul-de-sac setting. Ownership has completed an interior renovation program across a majority of the units, with renovated features including LVP flooring, refreshed kitchen finishes, updated bathrooms, and newer appliances. The property also includes capital improvements over the past few years, such as new roofs and repaved parking lots.

Located in the heart of Hikes Point, the building benefits from a residential setting with proximity to shopping and other amenities, supported by the property’s infill submarket positioning described in the remarks. Utility service is handled with separate metering for LG&E, with tenants paying for this usage. In addition, tenants pay a flat-fee water charge each month in addition to rent.

For buyers and operators, the renovated unit mix and documented property improvements provide a clear foundation for managing ongoing unit turns. The separately metered LG&E and monthly flat-fee water structure also offer practical expense control and alignment between tenant charges and utility consumption. This configuration may be an appealing fit for an investor seeking a hands-on multifamily asset with a recent exterior and interior refresh and a consistent layout across two bedroom and one bedroom unit types.