111 Erie Ct, Shepherdsville, KY 40165

orthmarq 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 benefits 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.