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Property profile & analytics
FOR SALE
Apartment buildings

3400 Lesway Ct Louisville, KY 40220

11,955 SF Built 1972
Property ID
US34-0321695
Property summary
AI-generated overview

POTENTIAL SELLER FINANCING AVAILABLE. Located in the desirable Fern Creek/Hikes Point area, this 12 unit property is made up of all large 2BR/1BA units, with an average size of 887 SF each. Each apartment has its own HVAC system and hot water heater, and is separately metered for LG&E. Most units have been renovated, with a mix of LVP and carpet flooring, and updated kitchens and bathrooms. Most units have dishwashers, eight have balconies with sliding glass doors, and two have additional alcove space. There is coin operated laundry in the lower level, and ample off street parking. This property presents an excellent opportunity to invest in a well maintained asset, with upside potential through some under market rents. The information in this listing was obtained from sources deemed to be reliable. The broker does not warrant or represent any information provided.

Property profile
Verified
Property type Apartment buildings
Year built 1972
Total area 11,955 SF
UPID US34-0321695
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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