18 Units in Shively
Multi-Family
for Sale
| Catylist Listing ID: |
30875213 |
| Property Subtypes: |
Low-Rise/Garden
|
| Number of Units: |
18 Units |
| Building Size (RSF): |
15,180 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,395,000 |
| Unit Price: |
$77,500 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
88 |
| Last Updated: |
10/9/2024 |
Overview / Comments
This 18 unit property is very well located in Southwest Louisville in the Shively neighborhood. The building consists of 18 2BR/1BA units. The property is maintained by the owner through their own professional property management services.
The property is in a mature, stable location that has experienced continuous improvement over the years. It is within walking distance from restaurants and major shopping. It enjoys close proximity to 264, the airport/UPS World Hub and other industrial users.
This presents the opportunity for an investor to acquire a stable, professionally managed asset with high occupancy and continued upside potential in rents.
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Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
101302180000 |
| Zoning: |
R-7 - Residential Multi-Family District |
| Percent Occupied: |
88% |
| Property Located Between: |
Cane Run Rd and Crums Lane |
| Highway Access: |
264 1.5 miles |
| Total Number of Buildings: |
1 |
| Property Condition: |
Average |
| Number of Stories: |
2 |
| Year Built: |
1971 |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,642 |
78,384 |
220,529 |
| Median Age: |
35.8 |
37.49 |
36.41 |
| Households: |
2,154 |
31,855 |
89,880 |
|
The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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