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Lakeview Garden Apartments 111 Erie Ct 138 Unit Apartment Building For Sale Shepherdsville, KY 40165
Investment Highlights
- Assumable Loan (optional)
- Turnkey Investment with Immediate Upside in Rent Growth
- Market Trajectory and Recent Capital Investments
- Prime Value-Add Opportunity
- Robust Market Fundamentals and Proximity to Ford Blue Oval
Executive Summary
Northmarq is pleased to present Lakeview Gardens, a 138-unit garden-style apartment community located in Shepherdsville, KY, Louisville MSA.
With 103 of the 138 units already renovated, new ownership has the opportunity to update the remaining 35 units to a luxury standard. The property's expansive grounds offer ample opportunity for exterior enhancements, such as adding amenities to elevate the resident experience which will increase retention and drive rent premiums. At the current 98.6% occupancy, Lakeview Gardens demonstrates strong operational performance and has been 95%+ for last last 2-3 years with steadily increasing rates.
The property bene?ts from convenient access to Interstate 65, providing residents with easy connectivity to employment hubs and economic drivers throughout the Louisville MSA. Shepherdsville has experienced rapid growth, with a 6.33% population increase since 2020 and further growth expected in 2026, indicating strong market fundamentals and stable demand. Positioned in a thriving submarket with proven rent growth potential, Lakeview Gardens offers investors a prime opportunity to enhance net operating income (NOI) through continued renovations, value-add strategies, and enhanced market positioning.
With 103 of the 138 units already renovated, new ownership has the opportunity to update the remaining 35 units to a luxury standard. The property's expansive grounds offer ample opportunity for exterior enhancements, such as adding amenities to elevate the resident experience which will increase retention and drive rent premiums. At the current 98.6% occupancy, Lakeview Gardens demonstrates strong operational performance and has been 95%+ for last last 2-3 years with steadily increasing rates.
The property bene?ts from convenient access to Interstate 65, providing residents with easy connectivity to employment hubs and economic drivers throughout the Louisville MSA. Shepherdsville has experienced rapid growth, with a 6.33% population increase since 2020 and further growth expected in 2026, indicating strong market fundamentals and stable demand. Positioned in a thriving submarket with proven rent growth potential, Lakeview Gardens offers investors a prime opportunity to enhance net operating income (NOI) through continued renovations, value-add strategies, and enhanced market positioning.
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Property Facts
| Sale Type | Investment | Lot Size | 11.14 AC |
| No. Units | 138 | Building Size | 146,108 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1999 |
| Building Class | B | Parking Ratio | 2.17/1,000 SF |
| Sale Type | Investment |
| No. Units | 138 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 11.14 AC |
| Building Size | 146,108 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1999 |
| Parking Ratio | 2.17/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Washer/Dryer Hookup
- Heating
- Kitchen
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Playground
- Property Manager on Site
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 138 | - | 1,020 - 1,025 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $7,923,000 | |
| Land Assessment | $450,000 | Total Assessment | $8,373,000 |
Property Taxes
Parcel Numbers
Land Assessment
$450,000
Improvements Assessment
$7,923,000
Total Assessment
$8,373,000
Contacts
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Adam Klenk -
Bobby Schiavone -
Jordan Arand -
Austin Heithcock -
Quentin Nichols -
Blake Wiser -
Northmarq
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Lakeview Garden Apartments | 111 Erie Ct
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