4703 Oak Park Dr Louisville, KY 40258

This exceptional investment opportunity presents an 18-unit apartment building located at 4703 Oak Park Dr, Louisville, KY 40258, in the desirable Pleasure Ridge Park neighborhood. The property, a Class C multifamily complex, boasts a fee simple ownership and comprises two, two-story buildings totaling 12,524 square feet on a 0.566-acre lot. Built in 1968 and extensively renovated in 2024, the property features 10 one-bedroom and 8 two-bedroom units, currently enjoying 100% occupancy as of May 1, 2024. Recent upgrades include new windows, sidewalks, staircases, flooring, bathrooms, and kitchens in most units, along with a roof replacement in 2019. The property offers 24 parking spaces and is zoned C1. With a stabilized investment profile, the property shows a pro-forma NOI of $119,221 and a pro-forma cap rate of 8.83%. The asking price is $1,350,000, representing $75,000 per unit and $107.79 per square foot. This well-maintained property benefits from its location in a vibrant business community with convenient access to Louisville's industrial and business parks, making it an ideal investment for those seeking strong cash flow and potential for future appreciation in a key South Louisville workforce housing market. The property's recent renovations and high occupancy rate position it for continued success. The Jefferson County APN is 111200300000.