Brookview at Middletown

400 Echelon Way, Louisville, KY, 40223-3994, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, is pleased to present Brookview at Middletown (“Brookview”), a 210-home garden-style apartment community with expansive floor plans and resort-quality amenities in Louisville’s premier East End submarket. Completed in 2017, this value-add opportunity features an affluent resident base ($98K average HHI) and significant upside potential through interior and common area renovations. New construction in the area supports renovation premiums of $150+.

Located in desirable Middletown, the Property offers residents access to the Shelbyville Road retail corridor with adjacent Target and Walmart, plus convenient access to I-265 and I-64 for sub-20-minute commutes to downtown Louisville and top employers such as UPS, Humana, Yum Brands, and several other Fortune 1000 companies. The area features A-rated schools and a plethora of recreation areas, including the prestigious Valhalla Golf Club – home of the 2024 PGA Championship.

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Attributes

Units

210

Year built

2017

Average Home Size

1,080 SF

Media

Investment highlights

Unbeatable Investment & Upside
Value-add upside through interior renovation program & community upgrades
Desirable stacked flat product & build quality at a discount to replacement cost

Enviable East End Location
Access to top-rated education (Eastern High School rated A by Niche)
Strong area & resident demographics ($98k Avg HHI)

Dynamic Louisville Slugger Economy
Minutes to the UPS Worldport, the largest automated package handling facility in the world
Home to Fortune 500 companies Humana & Brown Forman

Strong Submarket Fundamentals
<1% of current inventory projected to deliver in the next five years in Northeast Louisville submarket (Axiometrics)
95% 5-year projected occupancy