Bridge Creek Apartments Louisville, KY

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Bridge Creek Apartments

Address

3304 Dukehart Drive
Louisville, KY 40218

Investment Highlights

  • Incredible Basis Relative to Recent Trades in the Submarket 
  • Low Vacancy in a Submarket that Continues to See High Rent Growth 
  • Great Connectivity | Proximate to Key Demand Drivers and Major Retail
  • Light Value-Add Opportunity to Move Rents to Market 
  • Significant Upside in Capturing RUBS  
  • Offered Free & Clear of Existing Debt

Incredible Basis Relative to Recent Trades in the Submarket 

Bridge Creek Apartments presents a remarkable investment opportunity as it is being offered at an extraordinary basis in comparison to recent trades within the thriving Louisville submarket. The property’s remarkable basis allows prospective buyers to capitalize on the increasing demand for high quality rental housing while enjoying an advantageous position in the market.

Low Vacancy in a Submarket that Continues to See High Rent Growth

Offering an affordable cost of living and growing median household incomes, the Louisville metro area has experienced steady population growth. Demand for multifamily housing remains high, resulting in low vacancy rates. Bridge Creek Apartments has historically experienced low vacancy rates, and at the time of this analysis, vacancy is at 6%.

Great Connectivity | Proximate to Key Demand Drivers and Major Retail

The strategic location of Bridge Creek Apartments allows for a diversified tenant base and steady demand. With easy access to Interstate 264, Bridge Creek Apartments offers convenient connectivity to everything downtown Louisville has to offer, including retail, restaurants, entertainment, and major employers. The flagship university in the region, the University of Louisville, enrolls over 23,000 students and is only a few minutes away from the property.

Less than ten minutes from the property, the Louisville Muhammad Ali International Airport has recently received significant capital investment from UPS, the metro’s largest employer. A $750 million capital investment will span numerous capital improvement projects and result in the addition of 1,000 new jobs by 2024.

Roughly ten minutes from the property is the UPS Worldport Freight Facility. Spanning 5.2 million square feet, WFF is the largest fully automated air packaging operation in the world, boasting approximately 7,000 employees.

Points of Interest

Amenities

Tenant Services

Unit Amenities

  • Walk-In Closets
  • Balcony 
  • LVP Flooring
  • Carpeted Bedrooms 
  • High-Speed Internet Access

Community Amenities

  • Laundry Facilities
  • On-Site Maintenance
  • Pet Friendly 
  • Spacious Grass Areas 

Team

Brokerage Team

When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively. 


MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.


Brian Hall

Senior Advisor
MMG REA
614.214.7957 brian.hall@mmgrea.com

TJ Wahl

Senior Advisor
MMG REA
816.508.7127 tj.wahl@mmgrea.com

Hank Hicks

Senior Advisor
MMG REA
314.420.1828 hank.hicks@mmgrea.com

Michael Sullivan

Executive Managing Director/Founding Partner
MMG REA
913.484.7923 michael.sullivan@mmgrea.com

Alex Blagojevich

Executive Managing Director/Founding Partner
MMG REA
773.899.0391 alex.blagojevich@mmgrea.com

Justin Baker

KY Licence # 204053
TRIO Commercial Property Group
502.645.1991 jbaker@triocpg.com

Get in Touch

Address

MMG Real Estate Advisors

601 Westport Road

Kansas City, MO 64111

In Association With

The Gilbert Group REC.0000347067