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Church Way Apartments 4219-4221 N Church Way 17 Unit Apartment Building $2,040,000 ($120,000/Unit) Louisville, KY 40207
Executive Summary
Hoagland Commercial is pleased to exclusively present a 17-unit multifamily investment opportunity located in the heart of St. Matthews, one of Louisville's most desirable and consistently high-performing apartment submarkets.
This value-add asset offers investors the opportunity to unlock meaningful upside through strategic improvements and operational enhancements while benefiting from the area's historically strong occupancy, limited apartment supply, and sustained rental demand. Currently, seven of the property's 17 units are vacant, providing investors with an immediate opportunity to lease the units at market rental rates and realize meaningful near-term NOI growth.
Positioned in a premier infill location with convenient access to major employment centers, retail, dining, and healthcare, the property represents an attractive opportunity for both local and out-of-market investors seeking long-term appreciation and increased cash flow.
Contact the Listing Agents for additional details or to schedule a showing.
This value-add asset offers investors the opportunity to unlock meaningful upside through strategic improvements and operational enhancements while benefiting from the area's historically strong occupancy, limited apartment supply, and sustained rental demand. Currently, seven of the property's 17 units are vacant, providing investors with an immediate opportunity to lease the units at market rental rates and realize meaningful near-term NOI growth.
Positioned in a premier infill location with convenient access to major employment centers, retail, dining, and healthcare, the property represents an attractive opportunity for both local and out-of-market investors seeking long-term appreciation and increased cash flow.
Contact the Listing Agents for additional details or to schedule a showing.
Property Facts
| Price | $2,040,000 | Building Class | C |
| Price Per Unit | $120,000 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 13,110 SF |
| No. Units | 17 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Low-Rise | Parking Ratio | 2.14/1,000 SF |
| Zoning | OR3-OFFICE | ||
| Price | $2,040,000 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 13,110 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 2.14/1,000 SF |
| Zoning | OR3-OFFICE |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 900 |
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 053400220000 | Improvements Assessment | $435,270 |
| Land Assessment | $244,730 | Total Assessment | $680,000 |
Property Taxes
Parcel Number
053400220000
Land Assessment
$244,730
Improvements Assessment
$435,270
Total Assessment
$680,000
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