Ventana Apartment Homes
Ventana Apartment Homes | 382-Unit Recently Renovated Community | Suburban Louisville
Marketing description
https://invest.jll.com/us/en/listings/living-multi-housing/ventana-apartment-homes
Jones Lang LaSalle Americas, Inc ("JLL"), a licensed real estate broker, is pleased to present Ventana Apartment Homes, a 382-unit garden-style apartment community located in suburban Louisville, just 9 miles south of Downtown Louisville. Originally constructed between 1967 and 1969, the property offers spacious living options, featuring fully renovated one- to four-bedroom floorplans with granite countertops and stainless steel appliances. Residents will enjoy premium amenities, including a resort-style pool, fitness center, clubhouse, and pet-friendly green spaces. Ventana Apartment Homes benefits from proximity to I-65 and I-264 providing convenient access to Downtown Louisville, Churchill Downs Racetrack, Louisville International Airport, and top employers.
Investment highlights
Ideal Investment Criteria
- $10M+ Spent on Interior & Exterior Capital Improvements since 2023
- Newly Renovated with Washer/Dryer in 100% of Units
- Adjacent to GE Appliance Park (HQ) & 10 Min to Airport
- 96%+ 5-Year Projected Avg. Submarket Occupancy
- 4.6% 5-Year Historical Avg Rent Growth in Submarket
- 18% Rent-to-Income Ratio Supports Ability to Push Rents (3-mile radius)
- 100% Market-Rate Units
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