Infill Multifamily/Single Family Opportunity

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30206937
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Building Status: Proposed
Number of Units: See Agent
Building Size (RSF): 7,567 SF
Gross Building Area: See Agent
Sale Price: $295,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/13/2018

Overview / Comments

This multifamily investment opportunity is comprised of 3 separate, adjacent properties. They are located just outside of downtown Louisville in the burgeoning Shelby Park neighborhood. Comprised of two single family homes and a 7 unit apartment building, this presents the opportunity for an investor to compile multiple properties together in a high demand area for rental housing. The properties are well maintained by hands-on ownership. The Shelby Park neighborhood is bursting with new business activity, and an investor will enjoy both solid yield and the benefits of appreciation in a growing area that many have dubbed as the “next Germantown”.

» 1277 S. Preston: Large 1,580 sf home, in process of renovation, 3BR/2 BA
» 1279 S. Preston: 7 unit apartment bldg. with 5 1BRs and 2 2BRs
» 413 E. Ormsby: Large 1,399 sf home, 4 BR/1.5 BA

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 023D00350000
Zoning: C-2 - Commercial District

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,886 145,448 323,386
Median Age: 34.89 35.37 36.82
Households: 12,425 64,717 139,281
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