Lofts on Ormsby | 512 W Ormsby Ave
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Lofts on Ormsby 512 W Ormsby Ave
128 Unit Apartment Building For Sale Louisville, KY 40203
Investment Highlights
- Unique Light Value-Add Asset in Louisville, The Nation's Leading Rent Growth Market
Executive Summary
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 128-unit Lofts on Ormsby located in the heart of Downtown Louisville, KY. With prime positioning at the epicenter of employment and economic growth, Lofts on Ormsby benefits from unparalleled access to Louisville’s region-leading Health District and southern industrial node, as well as top intown amenities. Downtown Louisville, alongside accompanying intown communities, such as NuLu, have seen explosive development over the past decade, which has further heightened housing demand in the area. Embedded in Jefferson County, the property lies in a premier submarket experiencing strong population growth and impressive rent projections.
Property Facts
| Sale Type | Investment | Lot Size | 0.76 AC |
| No. Units | 128 | Building Size | 83,987 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid Rise | Year Built/Renovated | 1950/2008 |
| Building Class | B | Parking Ratio | 0.58/1,000 SF |
| Sale Type | Investment |
| No. Units | 128 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.76 AC |
| Building Size | 83,987 SF |
| Average Occupancy | 95% |
| No. Stories | 7 |
| Year Built/Renovated | 1950/2008 |
| Parking Ratio | 0.58/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Vinyl Flooring
- Window Coverings
Site Amenities
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Gated
- Grill
- Package Service
- Storage Space
- Elevator
- Lounge
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 99 | - | 396 - 450 |
| 1+1 | 29 | - | 450 |
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 032D00220000 | Improvements Assessment | $8,251,000 |
| Land Assessment | $240,000 | Total Assessment | $8,491,000 |
PROPERTY TAXES
Parcel Number
032D00220000
Land Assessment
$240,000
Improvements Assessment
$8,251,000
Total Assessment
$8,491,000
zoning
| Zoning Code | TNZD |
| TNZD |
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Lofts on Ormsby | 512 W Ormsby Ave
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