Trophy Apartment Properties

Multi-Family for Sale
Catylist Listing ID: 30190343
Property Subtypes: Low-Rise/Garden
Number of Units: 14 Units
Building Size (RSF): 14,671 SF
Gross Building Area: See Agent
Gross Land Area: 1.05 Acres
Sale Price: $1,750,000
Unit Price: $125,000 Per Unit
Property Use Type: Investment
Building Name: Four Oaks Apartments
Sale Terms: Cash to Seller
Last Updated: 2/20/2018

Overview / Comments

Four Oaks Apartments, an extraordinarily well located boutique apartment property located in the heart of Louisville's affluent St. Matthews submarket. Four Oaks is comprised of two very well-maintained buildings located at 4431 Shelbyville Road and 101 Sage Road. This rare offering presents an opportunity to acquire a very well-maintained apartment asset, family owned and operated since 1971. The AAA location, excellent frontage, unique and irreplaceable infill location provides the rare and favorable opportunity for further value creation through renovation upgrades or redevelopment, especially given the large footprint lot sizes.

Currently, this trophy property is comprised of 14 units, well mixed with 1's, 2's and 3 bedroom units, all separately metered, situated on over an acre in one of the most highly desirable locations in Louisville.

The rent roll and financials are available upon request.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Zoning: R-7 - Residential Multi-Family District
Percent Occupied: 100%
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Parking Type: Surface
Parking Description: 101 Sage Road :: 6 Carport Spaces and 12 Open Spaces 4431 Shelbyville Road :: 2 Carport Spaces and 10 Open Spaces
Total Parking Spaces: 30
Laundry: Shared
Zoning Description: Allows for redevelopment play of 34.8 units per acre
Lot Frontage: Cumulative 212 feet to Shelbyville Road
Lot Depth: 220 Feet

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,379 108,670 267,158
Median Age: 36.18 41.72 40.66
Households: 6,292 49,864 119,358
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