5407 Carnae Ct

5407 Carnae Ct Louisville, KY 40216

5407 Carnae Ct, Louisville, KY, 40216
5407 Carnae Ct, Louisville, KY, 40216
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$4,321,000
Last Verified:
Oct 30, 2024

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Highlights

  • - Impressive 45,700 SF mid-rise building
  • - 58 inviting units with potential for growth
  • - Established in 1968, exuding timeless appeal
  • - Zoned OR2, ideal for multifamily investors
  • - Strategic location in the thriving Louisville area
  • - Louisville Ranked 3rd in US for Apartment Rent Growth

Description

Presenting a remarkable opportunity for multifamily and mid-rise investors, the property at 5407 Carnae Ct in Louisville, KY, offers a 45,700 SF building with 58, 1 bedroom units, all housed in a well-established complex constructed in 1968. Boasting an OR2 zoning designation, this prime asset provides an attractive investment prospect for those seeking to elevate their presence in the thriving multifamily sector. With its spacious layout, robust construction, and strategic location, this property represents an ideal platform for driving transformative investment and long-term prosperity. Don't miss out on the chance to secure this valuable asset and capitalize on the promising opportunities in the dynamic real estate market.

This property is part of a larger offering of 397 Units in 6 complexes which is listed for $29,576,500

West off of Dixie Hwy on Rockford Ln to Carnae Ct


Year Built: 1968
Building Size: 45700sq ft
Building Class: C
Lot Size: 1.66 acres


Documents

Property Details _ Jefferson County PVA.pdf
SVN - Brochure (P)

Map of 5407 Carnae Ct, Louisville, KY, 40216

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.