Multifamily Portfolio with 290
For Sale
Contact for pricing
5011 Southside Drive, Louisville, KY 40214
Portfolio of three professionally managed multifamily properties totaling 290 units, averaging 94.6% occupancy.
Property SizeContact for details
Days on Market144
Property Features for 5011 Southside Drive
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
95%
Additional Details
Multifamily Units
290
Building Details
Tenancy
Multi
Listing Agency:
NAI Fortis Group
Listed By:
Michael Hall · License #KY 77368
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 9:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Fortis Group
Investment Insights
Based on property information with market context.
This portfolio consists of 290 units across three multifamily properties. The complexes are professionally managed, and the offering highlights opportunities for new owners to continue increasing yields by building upon changes implemented by the current owners. Remarks also describe the properties as stabilized, with a proven plan intended to push rents and increase NOI.
One of the assets is described as a unique historic property near downtown Louisville. The portfolio’s overall performance is supported in the remarks by an average occupancy of 94.6% across the 290 units.
One of the assets is described as a unique historic property near downtown Louisville. The portfolio’s overall performance is supported in the remarks by an average occupancy of 94.6% across the 290 units.
Key Highlights
- Portfolio of 3 professionally managed multifamily properties totaling 290 units
- Average occupancy of 94.6% across the portfolio
- Includes a unique historic property near downtown Louisville
Property Analytics
Current Use
Lease Details
290
Residential units
94.6%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 40214, KY
46,220
Population
20,459
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
15.0 sq mi
ZIP Area
3,081
Density / Sq Mi
$53,563
Median Household Income
$37,121
Median Earnings
$950
Median Rent
$176,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio of three professionally managed multifamily properties totaling 290 units, averaging 94.6% occupancy.
Where is this apartment building located?
The property is located at 5011 Southside Drive Louisville, KY.
What are key features of this property?
This property features: Portfolio of 3 professionally managed multifamily properties totaling 290 units; Average occupancy of 94.6% across the portfolio; Includes a unique historic property near downtown Louisville
