Investment Highlights

Proven Value-Add Opportunity: Current ownership has spent $180,000 renovating 43 units and is achieving $100 per month rent increases on average. New ownership has the opportunity to continue this renovation or increase the renovation level to increase NOI.

Water Reimbursement Opportunity: Current ownership is currently not charging for Water & Sewer. New ownership could implement a flat rate water charge to potentially increase NOI.

Direct Access to Norfolk Park: Maplewood provides immediate access to Norfolk Park, a 3.5 acre park offering a basketball court, large playground, picnic shelter, soccer fields, and large open green space.

Abundant Development Underway: According to Louisville Business Journal’s Crane Watch, 35+ projects are either proposed, planned, or under construction around Maplewood in the Retail, Hotel, Healthcare, Industrial, Mixed-Use, and Office sectors. Additional nearby highlights include: 

  • $42.5 million; 107,000 SF community center
  • Logistics Airpark II: $40 million; 792,000 SF warehouse & office complex
  • Barrington Industrial Complex: 1.2 million SF office & industrial complex
  • Project Bingo: $18-$40 million; 287,000 SF warehouse construction
  • Southpointe Commons: $80 million; 363,000 SF shopping center including retailers and restaurants
  • Dermody Industrial Complex: 352,800 SF warehouse & distribution complex

Louisville Employers Expanding: Multiple major employers are in expanding throughout Louisville, including:

  • Ford: $1 billion investment (6 miles)
  • GE Appliances: $80 million investment (2 miles)
  • Louisville Airport: $75 million of $400 million total investment planned in 2021 (6 miles)
  • Amazon: Adding nearly 2,000 jobs

Access to Louisville’s Premier Retail Centers: Maplewood is ideally positioned near Louisville’s premier shopping centers, including:

  • Oxmoor Center | 918,536 SF
  • Mall St. Matthews | 1,019,075 SF
  • Springhurst Towne Center | 810,330 SF
  • Paddock Shops | 367,500 SF

Major Louisville Employers: Louisville is home to dozens of companies that employ over 1,000 people, highlighted by UPS (23,533 jobs), Ford (13,020 jobs), Norton Healthcare (12,579 jobs), and Humana (12,000 jobs)

Nationally Ranked Metro: Louisville has gained national attention due to its growing economy and lifestyle, including:

  • #2 - Busiest US Cargo Airport (aci)
  • #2 - Metro Areas with the Most Profitable Businesses (lendingtree)
  • #4 - Cities with the Happiest Workers (cnbc)
  • #6 - Best Cities for Remote Workers (highspeedinterent)
  • #8 - Best Cities for College Grads (smartasset)

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