Investment Highlights

Repositioned Asset Following Major Renovation: The Monarch offers an investor 104 renovated units with minimal deferred maintenance. The property underwent a substantial renovation to its interiors, exteriors, and amenities. Highlights include new flooring, paint, carpet, appliances, cabinets, and countertops.

Rent Growth Potential: The Monarch is currently 97% occupied with organic rent growth potential. Top of market properties with similar vintage are achieving over $300/unit more than The Monarch.

Favorable Unit Mix: The Monarch is made up of all 2 bed units ranging from 628 SF to 950 SF and 6 houses. The houses range from 1,232 SF to 1,535 SF and all include fenced in backyards.

High Historical Occupancy: The Monarch has seen strong historical occupancy, and current ownership projects the trend to continue in the foreseeable future.

Nation Leading Rent Growth: With much of the US seeing decreases in rent prices, Louisville has been a bright spot for owners as the city led the country in rent growth at 5.1% as of May 2024.

Economic Development: The Louisville MSA was recently announced the winner of the 2024 Mac Conway Award for Excellence in Economic Development (Site Selection Magazine). Over the past year, the city has continued its surge of prosperity bringing in over $1.8 billion in investments that will result in 4,731 jobs. Furthermore, over $1 billion and 2,302 of the jobs are directly in Jefferson County.

  • Address:
    5433 Hill Road Circle
  • City, State:
    Louisville, Kentucky
  • County:
    Jefferson
  • Year Built:
    1960-78
  • Acreage:
    5.31
  • Average Asking Rent:
    $1,266
  • Average Unit SF:
    895