This property is currently off-market

1900 - 1908 Farnsley Road

1900 Farnsley Road, Louisville, KY 40216
$4,619,000
Sale Price
Lease Rate

Property Details

Sale Price:
Sale Price:$4,619,000
Year Built:1967
Property Type:Multifamily
Building Size:58,089 SF

Property Description

Introducing an exceptional investment opportunity in Louisville, KY! This prime multifamily/mid-rise property, located at 1900 - 1908 Farnsley Road, features a 58,089 SF building with 62 units, ideal for generating significant rental income. Built in 1967 and zoned R6, this property offers a solid foundation for expansion and development. Situated in the sought-after Louisville area, this property presents an attractive combination of size, potential, and location, making it a valuable asset for investors seeking a foothold in the thriving multifamily real estate market.

This property is part of a larger offering of 397 Units in 6 complexes which is listed for $29,576,500

Highlights

  • 62 multifamily
  • 58,089 SF
  • Zoned R6
  • Prime location in Louisville
  • Louisville Ranked 3rd in US for Apartment Rent Growth
  • Excellent investment opportunity
  • Potential for value appreciation
  • Diverse tenant base for steady occupancy
  • Proximity to amenities and transportation

Map

Location Description

Mathies and Farnsley

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Available Spaces

Space Name
Space Size
Lease Rate
Lease Term
Space Type
0.3 Miles0.5 Miles1 Miles
Total households3711,4154,744
Total population8563,30911,587
Population white21.5%21.6%22.1%
Population black68.1%67.8%65.7%
Population hispanic6.1%7.0%7.4%
Population asian0.5%0.6%2.5%
Population pacific islander0.0%0.0%0.0%
Population american indian0.5%0.4%0.4%
Population other2.6%3.1%3.4%
Persons per household2.32.32.4
Average household income$53,941$54,343$52,554
Average house value$275,039$285,603$309,976
Average age444340
Average age male424138
Average age female464541
BESbswy
BESbswy