3406 Coventry Place
Louisville, KY 40216
Strong Historical Occupancy and Operations - With a Waitlist (19 as of Late October)!
Current ownership has carried extremely high occupancy rates and demonstrated a trailing 12 month vacancy of less than 3%! Which should remain strong given the currently 19 applicant long waitlist.
Loss to Lease Recapture Will Add More than $175k Annually!
Due to many leases signed prior to the most recent rent increase, Coventry Commons offers a clear opportunity to add over $175,000 (~10%) to top line revenues through capturing the current loss to lease.
Exceptional Basis Given the Excellent Condition of the Asset
The property is offered at a highly attractive going in basis relative to replacement cost and recent trades across the market given the exceptional condition and effective age of the asset resulting from the recent tax credit renovation.
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.
MMG Real Estate Advisors
601 Westport Road
Kansas City, MO 64111