Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale Hurstbourne Estates, a 270-home, luxury, garden-style apartment community located in the desirable East End of Louisville, Kentucky. The property offers investors the opportunity to acquire spacious modern apartments; state-of-the-art community amenities and access to top area employers, schools and retail.
The community’s 17 buildings comprise a unit mix of one, two and three bedrooms that average 1,059 square feet. Completed in 2014, the apartment property for sale offers residents manicured courtyards and walking paths, controlled access, business center, resort-style swimming pool and sundeck, expansive fitness center, dog park, modern club house, community kitchen, recreation room with billiards table and barbeque and picnic areas. Units include granite counters, shaker-style espresso cabinets, energy-efficient appliances, wood-style flooring, crown molding, in-unit washer and dryer, patio or balcony, plush carpet in living room and bedrooms, open layouts and oversized closets with built-in shelving. Select homes provide private entrances and direct-access attached garages.
Hurstbourne Estates is located at 10405 Watermark Place with easy access to downtown Louisville and a multitude of demand drivers, including Churchhill Downs, Louisville Slugger Field, Kentucky International Convention Center, University of Louisville and the KFC Yum! Center. Louisville's small but mighty $70 billion economy is bolstered by its position in the "Urban" or "Golden Triangle" along with nearby Cincinnati and Lexington. This region constitutes 50 percent of the population, 59 percent of employment, and 54 percent of the business establishments in Kentucky. Louisville has also become recognized for a robust healthcare industry, six Fortune 1000 firm headquarters, and a blossoming new business/start-up culture.
Hurstbourne Estates presents an investment opportunity to acquire a luxury multi-housing asset in an affluent area near top employers, schools and shopping. For more information on this commercial real estate listing or other apartment communities in Louisville, please contact Wick Kirby, Sean Fogarty, Marty O’Connell, David Gaines or Kevin Girard. For information on acquisition financing for this property, please contact Jason Bond. To view current real estate investment sales listings, please click here to view HFF’s property search page.