Lindsay Court Apartments

Highlights:

• Value Add Opportunity $337 Rent Premium Available
• Long Term Owner 45 Years of Ownership
• Meticulously Maintained Units Inspected Regularly
• Strong Local Demographics Avg HH Income Of $89,788
• Prime Location in Charming Historic Neighborhood
• Strong Rental Market

Description:

Matthews Real Estate Investment Services is proud to present the exclusive opportunity to acquire Lindsay Court Apartments, a 51-unit multifamily community located in the highly desirable Clifton Heights neighborhood of Louisville, Kentucky. Positioned just 10 minutes from downtown Louisville and 5 minutes from the new Robley Rex VA Medical Center, the property benefits from strong connectivity and proximity to major employment, medical, and retail hubs, with easy access to Interstate 64.

The asset is comprised of (26) one-bedroom and (25) two-bedroom units, averaging 606 square feet in size. Originally built in 1961, Lindsay Court offers a solid foundation for repositioning and presents an exceptional value-add opportunity. Current rents are significantly below market, allowing a new owner to implement a unit renovation program that could increase rents by approximately $337 per month per unit. This translates to a 30.48% return on investment (ROI) for each renovated unit—underscoring the strong potential for both income growth and asset appreciation.

With over 87,000 residents and an average household income of $89,788 within a three-mile radius, Lindsay Court is strategically located to benefit from sustained rental demand in a growing, income-stable submarket. The property’s mix of affordability, upside potential, and prime location in a charming, historic neighborhood makes it a rare opportunity for investors seeking both stability and growth in the Louisville MSA.

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