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St. Anthony Gardens 3130 Saint Anthony Gardens Dr 184 Unit Apartment Building For Sale Louisville, KY 40214
Investment Highlights
- ADJACENT DEVELOPMENT LAND
- HEAVY-LIFT RENOVATION COMPLETED & DE-RISKED RENT GROWTH PROFILE
- PROXIMITY TO MAJOR EMPLOYMENT & INDUSTRIAL INVESTMENT DRIVERS
- TARGETED AMENITY EXPANSION OPPORTUNITY
- PROFESSIONAL MANAGEMENT & AMENITY-DRIVEN NOI GROWTH
Executive Summary
Saint Anthony Gardens presents a compelling opportunity to acquire a fully unit-interior-renovated, multifamily asset with continued upside through a targeted amenity enhancement program, including improvements to the fitness center, clubhouse and leasing office, and the addition a dog park and other outdoor amenities / grilling area to support increasing in-place rents to market-supported levels. Additional revenue upside remains through the implementation of 3rd party management/SEO, other Income competitor calibration, and addition of 2+ units where the leasing office is currently located.
Additionally, the ability to develop a fully amenitized Phase 2 of 200+ units exists by purchasing the adjacent seller owned entitled development site.
Additionally, the ability to develop a fully amenitized Phase 2 of 200+ units exists by purchasing the adjacent seller owned entitled development site.
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Property Facts
| Sale Type | Investment | Lot Size | 6.80 AC |
| No. Units | 184 | Building Size | 188,540 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1994 |
| Building Class | B | Parking Ratio | 2.1/1,000 SF |
| Zoning | R-6 | ||
| Sale Type | Investment |
| No. Units | 184 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.80 AC |
| Building Size | 188,540 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1994 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | R-6 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Refrigerator
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 850 |
| 2+1 | 1 | - | 800 |
| 2+1.5 | 79 | - | 850 - 950 |
| 2+2 | 94 | - | 950 - 1,050 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $20,708,066 CAD | |
| Land Assessment | $2,548,572 CAD | Total Assessment | $23,256,638 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,548,572 CAD
Improvements Assessment
$20,708,066 CAD
Total Assessment
$23,256,638 CAD
Contacts
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Adam Klenk -
Austin Heithcock -
Jordan Arand -
Quentin Nichols -
Bobby Schiavone -
Blake Wiser -
Northmarq
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St. Anthony Gardens | 3130 Saint Anthony Gardens Dr
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