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Description
Capstone is pleased to present Lakeview Gardens, a 138-unit garden-style apartment community located in Shepherdsville, KY, Louisville MSA. With 91 of the 138 units already renovated, new ownership has the opportunity to update the remaining 47 units to a luxury standard. The property’s expansive grounds offer ample opportunity for exterior enhancements, such as adding amenities to elevate the resident experience to increase retention and drive rent premiums. At the current 95% occupancy, Lakeview Gardens demonstrates strong operational performance, with recent leases achieving higher rents than the in-place average. The property benefits from convenient access to Interstate 65, providing residents with easy connectivity to employment hubs and economic drivers throughout the Louisville MSA. Shepherdsville has experienced rapid growth, with a 4.17% population increase since 2020 and further growth expected in 2024, indicating strong market fundamentals and stable demand. Positioned in a thriving submarket with proven rent growth potential, Lakeview Gardens offers investors a prime opportunity to enhance net operating income (NOI) through continued renovations, value-add strategies, and enhanced market positioning.
Investment Highlights:
Assumable Loan
Prime Value-Add Opportunity
Turnkey Investment with Immediate Upside in Rent Growth
Robust Market Fundamentals and Proximity to Ford Blue Oval
Market Trajectory and Recent Capital Investments
Address
Open on Google Maps- Address 111 Erie Ct
- City Shepherdsville
- State/county Kentucky
- Zip/Postal Code 40165
Contact Information
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3.75: Total Listed Acreage | 12.92: Total District Acreage
