Multifamily for sale /Old Louisville
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30870312 |
| Property Subtypes: |
Duplex/Fourplex
|
| Status: |
Pending/Contingent |
| Number of Units: |
4 Units |
| Building Size (RSF): |
3,129 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.10 Acres
|
| Sale Price: |
$384,000 |
| Unit Price: |
$96,000 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Undisclosed, Cash to Seller |
| Cap Rate: |
7.0% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
4/14/2024 |
Overview / Comments
|
Welcome to Old Louisville, where historic charm meets modern convenience! Nestled between 2nd St and Burnett St, this stunning Victorian-style quadplex offers a unique opportunity for investors and homeowners alike. Each of the four apartments is fully leased, comprising two studios, one 3-bedroom apartment, and one 2-bedroom apartment. With a stable tenant base in place, this quadplex presents a lucrative investment opportunity with immediate returns. This beautiful historical property boasts meticulous updates totaling over $30,000 within the past 12 months, ensuring both timeless elegance and contemporary comfort. The new roof, installed in 2019, provides peace of mind for years to come
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
0000SROW0000|149 |
| Zoning: |
TNZD - Traditional Neighborhood Zoning District |
| Percent Occupied: |
100% |
| Property Located Between: |
On S 2nd between Magnolia and Burnett |
| Highway Access: |
Close to Highways |
| Airports: |
Yes |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
3 |
| Year Built: |
1890 |
| Year Renovated: |
2023 |
| Roof Type: |
Other |
| Construction/Siding: |
Brick |
| Parking Type: |
Other |
| Parking Description: |
1 parking spot behind the building - Currently renting for $50 a month. On-street parking |
| Total Parking Spaces: |
1 |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Fuel: |
Gas |
| Air Conditioning: |
Other |
| Zoning Description: |
TNZD |
| Lot Frontage: |
40 |
| Lot Depth: |
115 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
25,949 |
146,115 |
313,193 |
| Median Age: |
32.38 |
35.1 |
36.73 |
| Households: |
11,607 |
63,394 |
134,556 |
|
© Copyright 2024 Moody's. All Rights Reserved.
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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