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32810563
32810564

600 Marshall Street, Louisville, KY 40202 For Sale

LC
KY KY-26624
Berkshire Hathaway HomeServices Parks & Weisberg, Realtors Louisville
Listed by Berkshire Hathaway HomeServices Parks & Weisberg, Realtors Louisville
$8,250,000
60 days on market
Updated 60 days ago

The Quad

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 24,888
Units 79
Cap Rate 7.20%
NOI $593,646
Occupancy 90%
Tenancy Multi
Year Built 2011
Year Renovated 2015
Acreage 0.580
Investment Type Stabilized

Multifamily | 7.20% CAP | 79 Units

Marketing description

Discover a lucrative investment opportunity in this impressive multifamily high-rise property in Louisville, KY. Built in 2011 and meticulously renovated in 2015, the property boasts 79 units that have consistently maintained a remarkable 90% occupancy rate. With its modern amenities, prime location, and strong rental demand, this property presents an enticing prospect for multifamily and high-rise investors seeking a thriving asset in the competitive Louisville market. Don't miss the chance to acquire this well-maintained, high-performing property with a proven track record, making it an ideal addition to any investor's portfolio.

Sitting at the heart of Downtown Louisville, this sought-after property offers investors a prime opportunity in a bustling urban center. The surrounding area is teeming with attractions, including the vibrant Fourth Street Live! entertainment district, Louisville Slugger Museum & Factory, and the sprawling Waterfront Park alongside the Ohio River. Multifamily and high-rise investors will appreciate the proximity to local dining hotspots, theaters, and the KFC Yum! Center, adding to the area's appeal for tenants seeking a lively urban lifestyle. With ongoing development and a thriving community, this location presents a promising investment prospect in the heart of Kentucky's lively cultural and economic hub.

Investment highlights

  • 79 units
  • Built in 2011
  • Renovated in 2015
  • Located in the Louisville area
  • 90% occupancy
  • Near Louisville Hospital

Listing Contacts

LC
KY KY-26624
Berkshire Hathaway HomeServices Parks & Weisberg, Realtors Louisville
Listed by Berkshire Hathaway HomeServices Parks & Weisberg, Realtors Louisville

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$593,645.72
$49,470.48/mo

Valuation Metrics

0
DSCR
7.2%
Cap Rate
7.2%
ROI

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Additional Information

Name
Luke Castleman
License
KY-26624
Brokerage
Berkshire Hathaway HomeServices Parks & Weisberg
Brokerage Phone
5026024265
Title
Broker
Brokerage Address
1701 Herr Lane
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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