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30872440
30872441

11011 Preston Gardens Ct, Louisville, KY 40229

DB
KY 215224
Marcus & Millichap - Louisville
Marcus & Millichap - Louisville
Listed by Marcus & Millichap - Louisville
Unpriced
79 days on market
Updated 28 days ago

Preston Garden Apartments

Details
APN 009001170000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 134,481
Net Rentable (SqFt) 85,386
Units 96
Cap Rate 5.50%
Occupancy 100%
Broker Co-Op Yes
Class B
Year Built 2014
Buildings 4
Stories 3
Acreage 4.940
Zoning R7
Investment Type Stabilized
Ownership LLC

Just Listed!

Marketing description

Marcus & Millichap is pleased to present the exclusive listing of Preston Gardens Apartments, a 96-unit Class A multifamily community located at 11011 Preston Gardens Court in Louisville, Kentucky.

Ideally positioned in southern Louisville just off Preston Highway, the property benefits from a highly desirable location between a Kroger-anchored shopping center and the scenic Blue Lick Optimist Park. This prime setting offers residents convenient access to nearby grocery stores, dining options, and retail amenities while also providing a peaceful residential environment.

Preston Gardens Apartments consist of spacious one- and two-bedroom floor plans ranging from 754 to 1,131 square feet. The community offers large, modern layouts designed to attract quality tenants. Each unit includes nine-foot ceilings, walk-in closets, separate laundry rooms, and private balconies or patios.

Residents also enjoy a variety of on-site amenities, including a state-of-the-art fitness center, a dog park, and detached enclosed garages available for rent, which provide additional income potential for future ownership.

Located in a strong rental market with consistent housing demand, Preston Gardens Apartments offers investors the opportunity to acquire a well-maintained, high-quality multifamily asset with strong tenant appeal. The property’s location, amenities, and modern unit features position it for stable occupancy and long-term investment growth.

Investment highlights

Newer Class A property in Prime Location off Preston Highway between a

Kroger-Anchored Shopping Center and Blue Lick Optimist Park

Enclosed Garages Available for Rent Add Convenience for Residents and

Generate Additional Revenue

Spacious Luxury Floorplans Featuring Modern Amenities, Nine-Foot Ceilings,

Walk-In Closets, Separate Laundry Rooms, and Private Balconies or Patios

Strong Investment Opportunity within High-Demand Rental Market with Strong

Tenant Appeal that is Poised for Stable Occupancy and Long-Term Returns

Listing Contacts

DB
KY 215224
Marcus & Millichap - Louisville
Marcus & Millichap - Louisville
Listed by Marcus & Millichap - Louisville

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Additional Information

Name
David Badgett
License
215224
Brokerage Phone
502-329-5999
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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