2111 Eastern Pkwy Louisville, KY 40204
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 2111 Eastern Pkwy
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity presents a rare chance to acquire a portfolio of income-producing properties in Louisville, Kentucky's coveted Cherokee Triangle neighborhood. The core asset is a vintage 1920s apartment building featuring 26 spacious one- and two-bedroom units, each with a full bathroom. All units are individually metered for gas and electric, offering efficient utility management. Complementing the apartment building are a leased single-family home and a leased duplex, providing additional rental income streams. Convenient off-street parking is available for residents of all three properties. The property's prime location, just steps from Cherokee Park and the vibrant Bardstown Road corridor, ensures strong tenant demand and high occupancy rates. This offering presents significant value-add potential through future property upgrades and rental rate increases, maximizing returns for the discerning investor. The property's strong intrinsic value, combined with its current income generation, makes it an attractive investment with long-term growth prospects. Financial details are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.7048
- Latitude
- 38.2351
