Cedar Springs Apartments — Sale in La Grange, KY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: La Grange, KY 40031

Photos

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Investment Figures

Cap rate
6.84%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Cedar Springs Apartments, a well-maintained multifamily community located at 501 & 503 Cedar Springs Place in La Grange, Kentucky. Situated in Oldham County, one of the Louisville area's most desirable suburban markets, the property offers investors the opportunity to acquire a quality apartment asset supported by strong demographics and established residential demand. Recent ownership has made significant capital investments throughout the community, including the renovation of every apartment unit, updates to the leasing office and laundry facilities, and replacement of approximately 90 percent of the HVAC systems. These improvements position the asset for continued operational success while minimizing near-term capital needs. The property benefits from an exceptional location just minutes from Interstate 71, providing residents with convenient access to a diverse employment base that includes Baptist Health La Grange, Oldham County Schools, and numerous logistics, manufacturing, and distribution operations throughout the region. Residents also have convenient access to Kroger, Walmart, Lowe's, Planet Fitness, Walgreens, and CVS. Overall, Cedar Springs Apartments presents a compelling opportunity to acquire a highly improved multifamily asset within one of Kentucky's most desirable suburban communities. Investment Highlights: • Located in Oldham County, One of Louisville's Most Desirable Suburban Markets • Extensively Renovated with Every Unit Updated • Approximately 90 Percent of HVAC Systems Replaced • Minutes from Interstate 71 and Major Regional Employers • Surrounded by National Retailers Including Kroger, Walmart, Lowe's, Walgreens, and CVS

Market Context

This multifamily in La Grange, KY is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in La Grange, KY — view the full market.

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