Great Investment Opportunity -14 Unit Multi-Family For Sale

Multi-Family for Sale
Catylist Listing ID: 30175223
Property Subtypes: Mid-Rise
Number of Units: 14 Units
Building Size (RSF): 12,636 SF
Gross Building Area: See Agent
Sale Price: $750,000
Unit Price: $53,571.43 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/18/2018

Overview / Comments

Great Investment Opportunity. This Southern Parkway property is a well maintained 14 unit brick apartment complex. The property was originally built as apartments and is located in historic south Louisville. All are spacious 2 bedroom/1 bathroom units that include a living room, dining room, and kitchen. The property is ideally situated on a quiet street with beautiful mature landscaping close to University of Louisville, Churchill Downs the Watterson Expressway. All units are separately metered. The basements have areas for washer/dryer hooks ups and additional storage areas as well.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 055J00850000
Zoning: R-6 - Residential Multi-Family District
Percent Occupied: 92%
Property Located Between: Southern Pkwy.
Highway Access: The property is located right off 264 on Southern Pkwy.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1947
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,017 124,193 307,117
Median Age: 37.07 35.96 36.59
Households: 6,055 52,417 130,812
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