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Auburndale Apartments 7300-7310 Southside Dr 28 Unit Apartment Building For Sale Louisville, KY 40214
Investment Highlights
- Close to various retailers such as Subway, KFC, McDonalds and more
- Near Louisville International Airport
Executive Summary
Deal Vault Link for Financials, Rent Roll, and OM: https://www.marcusmillichap.com/properties/192097/auburndale-place
The Andrews Dickman Sum Group is pleased to announce the exclusive listing of Auburndale Place, a 28-unit multifamily asset in the Auburndale Neighborhood of Southwest Louisville. This is a stabilized asset with a clear, low-risk path toward NOI growth with current effective rents sitting approximately $150 below market, a gap that can be closed without additional renovation or capital investment.
Key Highlights:
• All 28-Units are 2Bd 1Ba, with a large majority of those units being the larger 900 SqFt layout.
• Major system upgrades including full electrical replacement (copper wiring & panels), individual HVAC systems, and complete plumbing conversion to PVC/PEX, plus multiple additional property enhancements.
• Strategic positioning within minutes of Louisville’s largest employment concentrations, just minutes from multiple industrial parks and the Nation’s 3rd busiest cargo airport (which is home to the UPS Worldport Global Air Hub)
• Value-add opportunity with In-Unit Washer/Dryer Installation (Hookups in Place) opening up the ability to Capture Rent Premium with Attractive Return on Cost
Situated within one of the region’s most workforce-dense corridors, the property is positioned for continued performance and growth supported by durable demand across logistics, manufacturing, and distribution sectors.
Please reach out directly for full details on the opportunity.
The Andrews Dickman Sum Group is pleased to announce the exclusive listing of Auburndale Place, a 28-unit multifamily asset in the Auburndale Neighborhood of Southwest Louisville. This is a stabilized asset with a clear, low-risk path toward NOI growth with current effective rents sitting approximately $150 below market, a gap that can be closed without additional renovation or capital investment.
Key Highlights:
• All 28-Units are 2Bd 1Ba, with a large majority of those units being the larger 900 SqFt layout.
• Major system upgrades including full electrical replacement (copper wiring & panels), individual HVAC systems, and complete plumbing conversion to PVC/PEX, plus multiple additional property enhancements.
• Strategic positioning within minutes of Louisville’s largest employment concentrations, just minutes from multiple industrial parks and the Nation’s 3rd busiest cargo airport (which is home to the UPS Worldport Global Air Hub)
• Value-add opportunity with In-Unit Washer/Dryer Installation (Hookups in Place) opening up the ability to Capture Rent Premium with Attractive Return on Cost
Situated within one of the region’s most workforce-dense corridors, the property is positioned for continued performance and growth supported by durable demand across logistics, manufacturing, and distribution sectors.
Please reach out directly for full details on the opportunity.
Property Facts
| Sale Type | Investment | Lot Size | 1.42 AC |
| No. Units | 28 | Building Size | 32,000 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2018 |
| Building Class | C | Parking Ratio | 0.79/1,000 SF |
| Zoning | R7-RESIDENTIAL MULTI-FAM - Residential District | ||
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.42 AC |
| Building Size | 32,000 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2018 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | R7-RESIDENTIAL MULTI-FAM - Residential District |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer Hookup
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | - | 900 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 13062N02230000 | Improvements Assessment | $1,634,220 |
| Land Assessment | $240,000 | Total Assessment | $1,874,220 |
Property Taxes
Parcel Number
13062N02230000
Land Assessment
$240,000
Improvements Assessment
$1,634,220
Total Assessment
$1,874,220
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Auburndale Apartments | 7300-7310 Southside Dr
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