Swiss Village
41-Unit Apartments & Townhomes | Affluent Louisville Neighborhood
Marketing description
https://invest.jll.com/us/en/listings/living-multi-housing/germantown-mill-lofts-swiss-village
Jones Lang LaSalle Americas, Inc. ("JLL"), a licensed real estate broker, is pleased to present Swiss Village ("SV"), a 41-home community featuring both apartments and new construction townhomes. Swiss Village ("SV") is a one-of-a-kind community blending an historic Swiss Hall converted in 2022 into 18 one- and two-bedroom apartments and 23 newly built two-story houses with attached garages.
The modern apartments feature in-unit washers and dryers, stainless steel appliances, quartz countertops, high-end cabinets with undermount lights and backsplash, and balconies or patios. The townhomes feature 1.5-car garages and cathedral ceilings. Community amenities include a dog park, outdoor gathering space, Luxer package lockers, and EV chargers.
Schnitzelburg is a predominantly residential neighborhood located in the southwest corner of the Germantown area, renowned for its rich German roots, walkability, and trendy restaurants & dive bars. SV is especially close to the University of Louisville (7-min drive) and Churchill Downs (9-min drive), and is less than ten minutes to downtown Louisville. With renovated shotgun-style homes in Schnitzelburg selling for $400,000, SV's townhomes are a popular choice with couples and families looking for walkability and proximity to UofL, area hospitals, and top employers.
Investment highlights
- Opportunity for scale in growing Midwest/Sunbelt Market
- Major income upside from near full occupancy, unharvested rent growth, & expense trimming
- Eds & Meds renter base & strong demographics
- Highly differentiated, exceptionally maintained Core+ communities
- Less than 10 minutes to UofL, UofL Hospital, Norton Audubon Hospital, & downtown Louisville
- $400,000 renovated area home prices, $100,000+ average resident household income
- Most bespoke rental option in MSA consistently attracts sophisticated, affluent renter base
- 4% rent growth on new leases and 4% on renewals starting in 2026
- 99% average economic occupancy for last six months
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