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Yorktown II 7602-7604 Garrison Rd 16 Unit Apartment Building $1,137,500 ($71,094/Unit) Louisville, KY 40214
Investment Highlights
- Professionally renovated apartments with modern upgrades completed in most units.
- Adjacent to a major industrial park and close to Louisville’s prominent employment hubs, ensuring strong tenant demand.
- Parking area recently upgraded to enhance safety and overall property appeal.
- All 16 apartments are individually metered for gas and electric, reducing common utility expenses.
- Located within a quiet, established residential neighborhood, blending proximity to jobs with a comfortable living environment.
Executive Summary
This well-positioned 16-unit multifamily property is located in a mature, stable South Louisville neighborhood, offering both immediate income and long-term upside.The property includes extensive renovations in most apartments and an upgraded parking lot. Each of the spacious 1-bedroom, 1-bathroom units is individually metered for gas and electric, providing efficient utility management. On-site laundry facilities add convenience for residents and additional revenue.Ideally situated adjacent to a large industrial park and near major employment centers, this property caters perfectly to the workforce housing segment — a consistently strong performer in the Louisville market. The community also borders a quiet single-family neighborhood, offering tenants a comfortable residential environment. With steady demand for workforce housing and continued rent growth across the market, investors can expect high occupancy and reliable cash flow.
The information in this listing was obtained from sources deemed to be reliable. The broker does not warrant or represent any information provided.
The information in this listing was obtained from sources deemed to be reliable. The broker does not warrant or represent any information provided.
Property Facts
| Price | $1,137,500 | Building Class | C |
| Price Per Unit | $71,094 | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 11,988 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 2.09/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | National Turnpike |
| Zoning | R7 - Multifamily Residential | ||
| Price | $1,137,500 |
| Price Per Unit | $71,094 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 11,988 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.09/1,000 SF |
| Cross Streets | National Turnpike |
| Zoning | R7 - Multifamily Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Clubhouse
- Picnic Area
- Tenant Controlled HVAC
- Grill
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 600 |
| 1+1 | 8 | - | 750 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 139303160000 | Improvements Assessment | $775,820 |
| Land Assessment | $160,000 | Total Assessment | $935,820 |
Property Taxes
Parcel Number
139303160000
Land Assessment
$160,000
Improvements Assessment
$775,820
Total Assessment
$935,820
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