Call For Research

Prepared by Christopher O'Rear, Hoagland Commercial Realtors 502-550-7658 [O] christopher@hoaglandcommercial.
com
Jan 27, 2022 on KCREA Real Estate License: 247143
12500 & 12505-12507 Townepark Way

12500 & 12505-12507 Townepark Way, Louisville, KY 40220
Transaction ID: 1587942
Property Type: Multi-Family – SOLD
Multi-Family Type: Low-Rise/Garden
Archived Date: 10/30/2012
Closing Date: 9/14/2012
Asking Sale Price: Undisclosed
Final Sale Price: Undisclosed
Zoning: R-6
Days on Market: 27
Nearest MSA: Louisville-Jefferson County
County: Jefferson
Tax ID/APN: 003700460000
Property Status: Existing
Building/Unit Size (RSF): 16,994 SF
Year Built: 2010
Overview/Comments
12 of the 18 condo's sold to individual buyers for a high of $89,100 and a low of $74,250.
The pad also sold for $89,100. 6 condos were not sold at the auction.
LENDER APPROVED ABSOLUTE AUCTION OF 18 NEWER CONDOMINIUMS, ON-SITE ON
AUGUST 17, 2012 AT 12:30 PM. CONDOS AND THE PAD WILL BE SOLD HIGH BIDDER'S
CHOICE WITH THE HIGH BIDDER HAVING THE OPPORTUNITY TO BUY ONE OR MORE AT THAT
HIGH BID. WE WILL ALLOW A STEP UP BID TO OTHER BIDDERS AT THAT SAME HIGH BID.
THEN WE WILL BEGIN BIDDING AGAIN, OFFERING THE SAME CHOICE OF ONE OR MORE OF
THE REMAINING CONDO, AND/OR PAD UNTIL ALL CONDOS AND THE PAD ARE SOLD.• 18
New Condos & Excess Land for New Condo Building• Incredible Middletown Location•
Walking Distance to Schools, Restaurants and Shopping• Sells to the Highest Bidder
Regardless of Price
Property Contacts
Christopher O'Rear
Hoagland Commercial Realtors
502-550-7658 [O]
christopher@hoaglandcommercial.com
Page 1
Prepared by Christopher O'Rear, Hoagland Commercial Realtors 502-550-7658 [O] christopher@hoaglandcommercial.com
3010 Pamela Way

3010 Pamela Way, Louisville, KY 40220
Gross Land Area: 0.25 SF
Asking Sale Price: $350,000
Asking Unit Price: $53.55 PSF
Final Sale Price: $335,000
Final Unit Price: $51.25 PSF
Zoning: R-7
Days on Market: 29
Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 091N01640000
Property Use Type: Investment
Year Built: 1963
Construction/Siding: Brick
Overview/Comments
Wonderful Hikes Point 8-Plex with 2 bedroom, 1 bath, apartments.
Units average $450 per month.
Property is 75% occupied.
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 2
2600 Whitehall Terrace

2600 Whitehall Terrace , Louisville, KY 40220
Asking Sale Price: $5,000,000
Asking Unit Price: $100 PSF
Final Sale Price: $4,000,000
Final Unit Price: $80 PSF
Days on Market: 154
County: Jefferson
Tax ID/APN: 058800440000
Overview/Comments
Whitehall Terrace Apartments is a 180 unit multifamily offering in Louisville, KY. It is
located off Hikes Lane in Eastern Jefferson County. The immediate area is a diverse
neighborhood that maintains a very high demand for rental housing. It is also in a close,
convenient location to retail shopping. The property also contains a day care operation
that is a tenant on-site. Many units have been separately deeded as condominiums, and
one unit was sold. The current owner holds a mortgage on this unit and is willing to
include it in the sale. Whitehall contains 80 2 BR/1BA units and 100 1BR/1BA units (one
unit, referenced above, sold as a condo). Laundry facilities are located on site. The boiler
and chiller systems have been updated over the years, and many units have been
completely renovated with condo quality finishes. It presents an excellent value-add
opportunity for a purchaser to bring online vacant units, perform other improvements and
greatly enhance the current rent roll at the property. Current rentals are significantly
below market. The property contains interior courtyards with mature landscaping and a
park-like setting. This property presents an opportunity to acquire an asset with decent economies of scale; an excellent opportunity for an out-of-state buyer or a local investor
looking to add to its existing footprint. Other nearby complexes have undergone significant renovation. . The Louisville market is ranked nationally for very strong multi-family ...
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 3
3242 Orchard Manor Circle, Unit: 24

3242 Orchard Manor Circle, Louisville, KY 40220
Days on Market: 74
County: Jefferson
Tax ID/APN: 058800460000
Overview/Comments
Excellent East End Multifamily Investment Offering. 9.25% cap rate. Enjoy strong
economic performance, strong fundamentals in Louisville multi-family market by owning
this quality, well maintained 24 unit property in the Hikes Point neighborhood of
Louisville. This property is located in a high-demand area, and has experienced many
upgrades by the current owner. These upgrades include new thermo-windows, new
insulation in the attic, common area upgrades that include carpet and entrance doors,
and upgrades in many individual units. The property offers a diverse mixture of 12 one
bedroom and 12 two bedroom apartments (appeal to many rental demands and price
points!). The buiding currently enjoys very high occupancy and professional management.
Fundamentals are currently strong and the future is bright for multi-family housing. Step
in and enjoy the benefits of ownership with this well maintained asset.
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 4
3204, 3206, 3208 Orchard Manor

3204, 3206, 3208 Orchard Manor, Louisville, KY 40220
Gross Land Area: 0.60 Acres
Zoning: R6
Days on Market: 226
County: Jefferson
Tax ID/APN: 058800390000
Gross Building Area: 10,200 SF
Year Built: 1963
Parking Type: Surface
Overview/Comments
Excellent location; walking distance to schools, shopping, etc.; 4 year old roof; 5 year old
vinyl windows; hardwood floors throughout; tile floors in kitchens and baths; washer-
dryer hookups; new ceramic tile floors in hallways and stairways.
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 5
3217-35 Orchard Manor Circle

3217-35 Orchard Manor Circle, Louisville, KY 40218
Days on Market: 68
County: Jefferson
Tax ID/APN: 058800480000
Overview/Comments
PRG Investments is pleased to serve as the exclusive listing broker for this multi-family
portfolio in Louisville, KY. The properties are located in the Hikes Point area of Louisville.
The portfolio is comprised of 4 separate locations with 52 total units. They are located in
stable areas that experiences strong rental demand. Most of the units are separately
metered for gas and electric and contain hook ups for washers and dryers in each
apartment. The properties have a long term owner that has been professionally managing
the portfolio. There is solid upside in the rents. This opportunity presents the chance for a
purchaser to invest in a mid-sized portfolio, while spreading the investment and risk
across several buildings that are all located within close proximity to each other.
Properties can be purchased together or separately. Property Breakdown . -3005, 3008,
3009, 3010 Mid Dale Lane: 24 Units (four six-plex buildings); Asking price of $900,000.
-3215-35 Orchard Manor Circle: 10 Units; Asking price of $480,000. -2902 Noe Court: 6
Units; Asking price of $245,000. -3708-10 and 3712 Noblitt Dr.: 8 Units (one 8-plex and
one 4-plex); Asking price of $525,000. Investment Highlights:. -52 total units comprised
of 42 2BR/1BA and 10 2BR/1.5 BA units; Almost all units separately metered for LG and E with washer and dryer hookups in the units. -Located in the stable neighborhood of Hikes
Point; High demand area for apartment rentals; All buildings located within ...
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 6
3217-35 Orchard Manor Circle

3217-35 Orchard Manor Circle, Louisville, KY 40218
Days on Market: 68
County: Jefferson
Tax ID/APN: 058800480000
Overview/Comments
PRG Investments is pleased to serve as the exclusive listing broker for the multi-family
property at 3217-35 Orchard Manor Circle in Louisville, KY. This unique 10 unit property
contains 2BR 1.5BA, large, two-story townhome units. All units contain washer dryer
hook-ups in each apartment for tenant’s use. The building is located in the Hikes Point
area, which is a stable, high demand area for apartment rentals. The property has a long
term owner that has maintained professional management over the years, and it has
experienced historically strong occupancy. There is upward mobility in the rents.
Replacement windows were installed in 2010. Capitalize on the Louisville market’s strong
multi-family fundamentals with this solid and stable investment.
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 7
3316 Noe Way

3316 Noe Way, Louisville, KY 40220
Multi-Family Type: High-Rise
Contract Date: 1/14/2010
Buyer Name: Gallahue Realty
Zoning: R-7
Days on Market: 129
County: Jefferson
Tax ID/APN: 082G03460000
Overview/Comments
This is a distressed, pre-foreclosure short sale. Current owner's purchased property in
2007 for 1.3 million. Three buildings-all on one site- housing a total of 28 units. All units
are 2 bedroom 1 bath. Coin operated laundry & storage bins on-site. Eight units, as of
09/29/2009, are occupied. This high vacancy rate allows buyer to make improvements/
upgrades and then base their rent structure accordingly. Current Rent Structure:
$500.00. Potential Gross Income: $168,000.00. (This does not include income generated
from late fees, storage units or laundry revenue). Annual Property Taxes: $15,786.11
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 8
3708-10-12 Noblitt Drive

3708-10-12 Noblitt Drive, Louisville, KY 40218
Days on Market: 68
County: Jefferson
Tax ID/APN: 091E03520000
Overview/Comments
PRG Investments is pleased to serve as the exclusive listing broker for the multi-family
property at 3708-10 and 3712 Noblitt Drive in Louisville, KY. These properties are
comprised of one 8 unit property and one 4 unit property. Both buildings contain 2BR 1BA
units that are separately metered for gas and electric. All units contain washer dryer
hook-ups in each apartment for tenant’s use. A new roof was installed in 2013. The
buildings are located in the Hikes Point area, which is a stable, high demand area for
apartment rentals. The property has a long term owner that has maintained professional
management over the years, and it has experienced historically strong occupancy. There
is upward mobility in the rents. Capitalize on the Louisville market’s strong multi-family
fundamentals with this solid and stable investment.
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 9
3720 Briarbridge Lane

3720 Briarbridge Lane, Louisville, KY 40218
Days on Market: 162
County: Jefferson
Tax ID/APN: 091E03460035
Cap Rate: 10.39%
Road Type: Cul-de-sac
Property located within close
Highway Access: proximity to I-264 which is
Louisville's inner belt way.
Year Built: 1966
Overview/Comments
62 Units#34 One Bedroom One Bath and 28 Two Bedroom One Bath. Consisting of 6
buildings constructed in 1966. Total Rentable area of the six buildings is 43,650 square
feet. Two of the six buildings have full concrete basements, four are on concrete slabs. All
units have covered exterior entrances with the second floor walkway constructed of concrete which also acts as the roof for the first floor walkway. Gable roofs are wood frame with
composite shingles. All units have hot water baseboard heat supplied by two separate boilers. . Air conditioning is supplied by in-wall units. One Bedroom units have 1 A/C unit and
two Bedroom units have 2 A/C units. . Tenants pay there own personal electric and the landlord pays for heat & water. Over all the property is in outstanding condition with
consistent finishes. . Substantial upside to rents.
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 10
2210/2212 Steier Ln
2210/2212 Steier Ln, Louisville, KY 40218
Multi-Family Type: Duplex/Fourplex
Days on Market: 257
County: Jefferson
Tax ID/APN: 004303290000
Overview/Comments
+ 2 FourPlex Apartment Buildings for Sale. + All units are 2 bed / 1 bath. + Newer roofs
in place. + Each building can be sold individually or as a package. Alternate Listing
ID(s):. 1) 28866358. 2) 28866354. Contact agents for more details.
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 11
3412-16 Breckenridge Ln
3412-16 Breckenridge Ln, Louisville, KY 40220
Days on Market: 470
County: Jefferson
Tax ID/APN: 187306410000
Road Type: Paved
1 mile to Watterson, 1 mile to
Highway Access:
Hurstbourne
Year Built: 1970
Parking Ratio: 1.5 (per 1000 SF)
Overview/Comments
Exceptional value in this well maintained East end rental property. 12 - 2 bedroom 1 bath
units. Each unit has utility room with washer/dryer hook ups. Individual HVAC paid by
tenants. Great location make these units easy to lease.
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 12
3330-3334 Breckenridge Ln
3330-3334 Breckenridge Ln, Louisville, KY 40220
Multi-Family Type: Duplex/Fourplex
Zoning: R-7
Days on Market: 56
County: Jefferson
Tax ID/APN: 187306480000
Overview/Comments
Fantastic 100% occupied investment opportunity now available off Breckenridge Ln. Both
apartment buildings are 4 units: (2) BR/1 BA with a basement that has separate rooms
for laundry/storage. Large parking lot in the back. Professionally managed.
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 13
4506 Landside Drive

4506 Landside Drive, Louisville, KY 40220
Zoning: R-5A
Days on Market: 64
County: Jefferson
Tax ID/APN: 187606780000
Overview/Comments
This 12 unit multifamily opportunity is located in East Louisville in between Hikes Point
and Jeffersontown. The property contains all 2 BR 1 BA units with laundry hookups. The
owner has made significant updates over the past 10 years, including new kitchens,
HVAC units and roof.
:: Located in high demand area of East Louisville
:: Updated property with renovated kitchens and mechanicals
:: Value-add with upside in rental rates
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 14
4508 Landside Drive

4508 Landside Drive, Louisville, KY 40220
Zoning: R-5A
Days on Market: 55
County: Jefferson
Tax ID/APN: 187606790000
Overview/Comments
4508 Landside Drive is a 12 unit multifamily property that is well-located in the thriving,
high demand Hikes Point area of Louisville. The property contains 12 two bedroom
apartments. It has undergone substantial renovation over the past several years that
includes updated kitchens, bathrooms and heating and air conditioning units. The
property is very well maintained and contains washer/dryer hookups in the units. It is
separately metered for gas and electric utilities with tenants responsible for this expense.
Located on a quiet cul-de-sac, the surrounding neighborhood is very stable with solid
retail in close proximity. The Hikes Point area in general is one of the most desirable for
multifamily ownership with rising rents, and larger renovated complexes offering much
higher rates with excellent new tenants.
This presents the opportunity to acquire a property that has undergone major renovation but also has further upside. A buyer will take advantage of the attractive lending
environment to increase long-term yield.
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 15
101 Spring Creek Court

101 Spring Creek Court, Louisville, KY 40218
Contract Date: 9/18/2009
Zoning: R-7
Days on Market: 218
County: Jefferson
Tax ID/APN: 060900920000
Road Type: 2-Track
Highway Access: I-264 (Watterson Expressway)
Year Built: 1971
Construction/Siding: Brick/Aluminum Siding
Parking Ratio: 2 (per 1000 SF)
Overview/Comments
Springview Apartments is an East End value-add opportunity that is ideally located just
off of the Watterson (I-264) on Newburg Road. The property consists of 72 two-bedroom, 1.5 bath units with excellent and spacious floor plans comprising of approximately 925
square feet. The clubhouse on the property houses a manager's office along with coin-operated laundry services. Springview Apartments enjoys great visibility in a quality location-
the site is quiently surrounded by single family residential, Collegiate School athletic fields and office use. This presents an opportunity for an investor to buy this property right,
create value and enjoy the upside potential!
Appraisal dated January 9, 2009 values the property, as is, at $2,730,000.
Property Contacts
Christopher O'Rear
502-550-7658 [O]
Page 16
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Prepared by Christopher O'Rear, Hoagland Commercial Realtors 502-550-7658 [O] christopher@hoaglandcommercial.

12500 & 12505-12507 Townepark Way

3010 Pamela Way

2600 Whitehall Terrace

3242 Orchard Manor Circle, Unit: 24

3204, 3206, 3208 Orchard Manor

3217-35 Orchard Manor Circle

3217-35 Orchard Manor Circle

3316 Noe Way

3708-10-12 Noblitt Drive

3720 Briarbridge Lane

4506 Landside Drive

4508 Landside Drive

101 Spring Creek Court

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