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Description

Maplewood Apartments is a 277-unit complex comprised of 44 4-plex buildings (151 2-BR units, 12 1-BR units, 12 3-BR units and one unit used as rental office), 40 townhomes (36 3-BR/1.5BA - 10 with basementsm 2 3-BR/2 BA, and 2 4-BR/2BA, one 12-plex (1 BR/1BA units),one 16-plex (1 BR/1 BA units), two 6-plexes and 21 units (18 2BR/1B + 3 1BR/1B)located within 5 6-plex buildings. The various units were built between 1969 and 1974 and all have been updated. All 4-plexes and all townhomes have washer/dryer hookups. Surrounding area has seen upsurge in new growth in recent years: 70 acres of attractive new homes developed across the street; the relocation of Mercy Academy (over 500 students) to 5801 Fegenbush Lane; GlobalPort Business Park, a redevelopment of a protion of GE Appiance park that fronts on Fegenbush Lane. In addition, GE is investing $600 million and creating 830 new jobs for new production lines (hybrid water heaters in 2011 and "smart" washers and dryers in 2012), and has announced plans for another $194 million investment and 300 additional jobs to make "green" refrigerators in 2014. S. Hurstbourne Pkwy joins Fern Valley Road at Fegenbush one mile to the south and extends westard 5 miles to Worldport (UPS air hub), the Ford Assembly Plant (being retooled to produce a fuel-efficient vehicle by 2011), and Louisville International Airport. Building price details: $12,750,000.

Property Details

• Type: Multifamily
• Status: Available
• Buildings: 1

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