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
0.3 Miles | 0.5 Miles | 1 Miles | |
---|---|---|---|
Total households | 371 | 1,415 | 4,744 |
Total population | 856 | 3,309 | 11,587 |
Population white | 21.5% | 21.6% | 22.1% |
Population black | 68.1% | 67.8% | 65.7% |
Population hispanic | 6.1% | 7.0% | 7.4% |
Population asian | 0.5% | 0.6% | 2.5% |
Population pacific islander | 0.0% | 0.0% | 0.0% |
Population american indian | 0.5% | 0.4% | 0.4% |
Population other | 2.6% | 3.1% | 3.4% |
Persons per household | 2.3 | 2.3 | 2.4 |
Average household income | $53,941 | $54,343 | $52,554 |
Average house value | $275,039 | $285,603 | $309,976 |
Average age | 44 | 43 | 40 |
Average age male | 42 | 41 | 38 |
Average age female | 46 | 45 | 41 |
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