Germantown Mill Lofts & Swiss Village — Sale in Louisville, KY

  • Price: $400K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Louisville, KY 40217
  • Size: 19,125 SF

Photos

Germantown Mill Lofts & Swiss Village — Sale in Louisville, KY, photo 1 of 8
Germantown Mill Lofts & Swiss Village — Sale in Louisville, KY, photo 2 of 8
Germantown Mill Lofts & Swiss Village — Sale in Louisville, KY, photo 3 of 8
Germantown Mill Lofts & Swiss Village — Sale in Louisville, KY, photo 4 of 8
Germantown Mill Lofts & Swiss Village — Sale in Louisville, KY, photo 5 of 8
Germantown Mill Lofts & Swiss Village — Sale in Louisville, KY, photo 6 of 8
Germantown Mill Lofts & Swiss Village — Sale in Louisville, KY, photo 7 of 8
Germantown Mill Lofts & Swiss Village — Sale in Louisville, KY, photo 8 of 8

Investment Figures

Price per square foot
$21

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Jones Lang LaSalle Americas, Inc. ("JLL"), a licensed real estate broker, is pleased to present Germantown Mill Lofts ("GML"), a 189-home award-winning apartment community and 19,125 sf of commercial space, and Swiss Village ("SV"), a 41-home community featuring both apartments and new construction townhomes. Located just five-minutes apart in Louisville's trendy Germantown & Schnitzelburg neighborhoods, the communities cater to young professionals and an eds & meds renter base feeding from nearby University of Louisville ("UofL") and multiple hospitals. Both properties consistently achieve top-of-market property performance with 97%+ economic occupancyfor the last six months and 3% average rent growth on new lease trade outs and 4% on renewals since January . Southeast of downtown Louisville, the Germantown & Schnitzelburg neighborhood is renowned for its 19th-century German heritage and features colorful historic shotgun homes, excellent walkability, and a vibrant bar and restaurant scene. Both properties offer access to the thriving Goss Avenue retail corridor of local restaurants and retail, the neighborhood Kroger, and convenient access to I-65 for a 10-minute commute to downtown Louisville and top employers such as UPS, Norton Healthcare, Ford, Humana, UofL Health, Baptist Health, GE Appliances, Brown-Forman, and several other Fortune 1000 companies. This 2-Pack is owned and managed by Underhill Associates and may be purchased together to continue in-place operating efficiencies or separately. For GML, an investor may either assume the accretive Fannie Mae loan that matures November 2031 (3.72% blended interest rate) or purchase free and clear. SV is available on a free and clear basis. Doug Owen - KY License #: 198490

Market Context

This multifamily in Louisville, KY is listed for sale at $400,000 across 19,125 SF. Compare it against other multifamily listings for sale in Louisville, KY — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in Louisville, KY