2737 Brownsboro Rd Louisville, KY 40206
- Apartment buildings
- 5,640 SF
Current Use by Public Records
- Apartment buildings
Property Details for 2737 Brownsboro Rd
- Year built
- 1959
- Property size
- 5,640 SF
- Property type
- Apartment buildings
Description
Exceptional value-add opportunity in Louisville, KY! This 8-unit apartment building, located at 2737 Brownsboro Rd, offers significant upside potential. The property boasts 5,640 square feet and is currently 100% occupied, generating a current NOI of $39,730 and a 4.46% cap rate. Pro-forma projections indicate a NOI of $44,880 and a 5.04% cap rate, reflecting the potential for increased profitability through market rent adjustments. Each of the eight one-bedroom units is priced at $111,250, representing a compelling entry point into the Louisville multifamily market. Built in 1959, the Class B building features convenient carports and a full basement equipped with storage lockers and washer/dryer hookups. The property benefits from its prime location in the desirable Brownsboro Road corridor, close to the vibrant entertainment districts of Frankfort Avenue and Saint Matthews. Utilities are efficiently managed with separately metered electric and gas, while the landlord covers water, sewer, and drainage. This property presents a strong investment opportunity for those seeking to capitalize on the growing Louisville market and enhance income through strategic property management. Annual gross rents currently stand at $70,440.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.6938
- Latitude
- 38.2598
