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$ 4,000,000
Est. payment | /mo
41,160 SqFt
$ 4,000,000
Est. payment | /mo
41,160 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 41,160 sqft
Price per Sqft $97
Subdivision Breckenridge Estates
MLS Listing ID 1721310
HOA Y/N No
Abv Grd Liv Area 27,440
Year Built 1972
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 27440
Property Description
Hallmark Apartments is a well-maintained 48-unit multifamily community located in the highly desirable Hikes Point submarket. Owned and professionally managed by the same long-term owner for many years, the property has consistently achieved strong occupancy levels and demonstrates a proven history of stable operations. The asset has benefited from significant capital improvements, including the replacement of all roofs and windows in 2021. In addition, a majority of the apartment homes have received interior updates, enhancing both resident appeal and long-term value. Hallmark Apartments features mostly 2BR apartments, allowing the property to achieve a more enhanced income potential. The community has coin-operated laundry, and the units could accommodate future washer/dryer hookups. The property is separately metered for gas and electric service helping minimize utility expense exposure and contributing to operational efficiency. Ideally situated in the sought-after Hikes Point area, the property offers residents convenient access to major retail destinations, employment centers, interstate highways, and a variety of everyday amenities. Its strong location, history of occupancy, and recent capital investments position Hallmark Apartments as an attractive opportunity for investors seeking a stable, well-performing multifamily asset with continued upside potential.
Location
State KY
County Jefferson
Direction 7312 Six Mile Lane
Interior
Heating Other
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Structure Type Brick
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