Light on a Hill Apartments | 401 Kenilworth Rd
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Light on a Hill Apartments 401 Kenilworth Rd
13 Unit Apartment Building $1,250,000 ($96,154/Unit) Louisville, KY 40206
Investment Highlights
- Located in a densely populated submarket with less than 6% vacancy
- Current rental rates at less than 75% of comparable assets
- Fully renovated within the past 6-7 years including mechanical, electrical, and a roof replacement in 2019
- Close proximity to Clifton, NULU, and Downtown Louisville
Executive Summary
The Property was built in 1963, fully renovated between 2016-2022, and consists of a 0.4-acre site improved with 13 fully occupied apartments, 7 of which are 2 BR/1BA and 6 are 1 BR/1BA. Situated along lower Brownsboro Rd, the Property benefits from its premier location in the heart of Louisville, in one of its most desirable submarkets in Louisville given the proximity to Downtown, Clifton, and NuLu.
Property Facts
| Price | $1,250,000 | Apartment Style | Garden |
| Price Per Unit | $96,154 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 10,857 SF |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2016 |
| Property Subtype | Apartment |
| Price | $1,250,000 |
| Price Per Unit | $96,154 |
| Sale Type | Investment |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.40 AC |
| Building Size | 10,857 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1963/2016 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+2 | 7 | - | - |
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Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 088B00260000 | Improvements Assessment | $500,800 |
| Land Assessment | $104,000 | Total Assessment | $604,800 |
PROPERTY TAXES
Parcel Number
088B00260000
Land Assessment
$104,000
Improvements Assessment
$500,800
Total Assessment
$604,800
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Light on a Hill Apartments | 401 Kenilworth Rd
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