This Multifamily Property is Off-Market.

201 Heritage Hill Way
Louisville, KY 40223 ·

163 Units · Multifamily For Sale

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Heritage Hill and Shelby Crossing

Price N/A Property Type Multifamily
No. Units 163 Property Sub-type Garden/Low-Rise
Building Size 146,610 SF Property Use Type Investment
Listing ID: 17131266 Date Created: 04/25/2011 Last Updated: 09/01/2011

Description

OFFERS DUE ON JUNE 14, 2011
CBRE has been retained as the exclusive investment advisor in the sale of Shelby Crossing and Heritage Hill Apartments, a 253-unit portfolio very well-located in Louisville, Kentucky. Heritage Hill and Shelby Crossing present the unique opportunity to acquire two stabilized, value-add communities in a high barrier-to-entry, A grade infill location on the affluent east-end of Louisville. The properties have been well-maintained and managed; however, there are numerous value-add opportunities to be considered to better position the properties to compete with newer nearby competition at higher rents.
Heritage Hill and Shelby Crossing can be acquired as a portfolio or individually. Portfolio offers should include individual asset allocations.
Heritage Hill is being offered with the existing debt. Alternatively it can be pre-paid at Purchaser' s expense. Shelby Crossing is free and clear.

The properties, located within one-mile of each other, are less than three miles from Louisville' s finest shopping, dining, and entertainment options and one of Louisville' s largest concentrations of white-collar employment centers.

Research

201 Heritage Hill Way, Louisville, KY 40223 (Jefferson County)

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