Avoca

About Avoca

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Avoca, a 408-unit, 2020/22-built apartment community located in Louisville’s affluent Middletown submarket. Avoca occupies one of Louisville’s most affluent suburban submarkets, where average household income within one mile exceeds $130,000 and a strong single-family housing market reinforces demand for high-quality rental housing.

Built in two phases in 2020 and 2022, the 408-unit community offers a market-leading amenity package and modern interior finishes that set it apart from competing properties, and it is offered well below replacement cost. Buyers also have the opportunity to assume the in-place loan, which carries a 3.29% interest rate and a current balance of $32.5M, with the ability to add on supplemental debt. Located 15 minutes from Downtown, Avoca offers seamless access to Louisville International Airport, UPS Worldport, and Bluegrass Commerce Park, which supports 30,000 jobs, as well as the region’s top retail and entertainment destinations.