640 & 646 S Penn St
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30863646 |
| Status: |
Pending |
| Number of Units: |
2 Units |
| Building Size (RSF): |
2,000 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$200,000 |
| Unit Price: |
$100,000 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/4/2024 |
Overview / Comments
This 2 property bundle in the HIGHLY sought after and BOOMING Sellersburg, Indiana is your opportunity to acquire 2 of the highest appreciating assets-single family homes-with significant upside both in rent, AND in equity! With this area EXPLODING in developments and new construction, it is the perfect place to acquire some property and let the tenants pay down the equity for you! This bundle offers a 3 bedroom, 2 bathroom (1 full and 1 half) home with an oversized 2 car garage, and another 2 bedroom, 1 bathroom home-2 of the most in demand styles right now! With 1 rented (below market) and 1 vacant, you can immediately begin renting the vacant unit for market rent since it is currently rent ready, while you still have the stability and income from the other property.
This bundle is an opportunity that doesn't come around often-just go look at the Sellersburg market at what similar homes in this price point look like-this is a STEAL! You will need to hurry though, this deal will NOT last long-book your showing today!
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Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Clark |
| Tax ID/APN: |
101711000476000031 |
| Zoning: |
RESIDENTIAL |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,692 |
16,181 |
64,037 |
| Median Age: |
39.33 |
38.07 |
37.78 |
| Households: |
1,113 |
6,002 |
25,115 |
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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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