Apartment Building in Shepherdsville

[Jim Norton]

Hello everyone,

I am considering the purchase of a 12 unit apartment building in Shepherdsville. The building is not submetered for water. Does anyone know someone who could do this for me or give me more info about the process? This building is near apartment complexes that are all submetered so I have a value add play if I am able to submeter and shift this cost to the tenants.

Also, does anyone know any property managers in Shepherdsville or managers who specialize in the south end of Louisville and area heading toward Shepherdsville.

Finally, what is everyone's opinion on investing in Shepherdsville. I am from Louisville, but have not spent much time in Shepherdsville.

Thanks much!

Jim 

[Rob Bergeron]

Shepherdsville is a great area for finding good value. As always make sure it is not close or in a floodzone. Flood insurance can really cut into profits. Also, you might consider that vacancy times might be a little longer the farther you get from the city. If you are getting it for a good price with some built in equity, I say go for it!