Marcus & Millichap closed the sale of Hurstbourne Heights, an 84-unit apartment property in Louisville, Kentucky. The property sold for $13.35 million, or $158,929 per unit.
Aaron Johnson and David Badgett, investment specialists in Marcus & Millichap’s Louisville office, had the exclusive listing to market the property on behalf of the seller, a local developer, and procured the buyer, a South Carolina-based investor with multiple properties in Louisville.
Hurstbourne Heights, located at 7603 Downs Farm Way, was built in 2019 and includes 84 one-, two- and three-bedroom units across 73,752 rentable square feet. Situated on 6.78 acres in Louisville’s Highview neighborhood, the property features modern interiors, a dog park and a walking trail. Residents benefit from proximity to major employers, shopping, dining and recreation, with downtown Louisville just 20 minutes away.
