Highlands Five-Plex Investment Property

Multi-Family for Sale
Catylist Listing ID: 29979594
Property Subtypes: Duplex/Fourplex
Number of Units: 5 Units
Building Size (RSF): 2,735 SF
Gross Land Area: 0.20 Acres
Sale Price: $619,000
Unit Price: $123,800 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 4.31%
Last Updated: 8/30/2017

Overview / Comments

Well maintained five-plex located on highly desirable Cherokee Road close to shopping, restaurants and entertainment.

This asset presents an opportunity to own an investment property in one of Louisville's most vibrant neighborhoods.

This building has three (3) one bedroom units and two (2) two (2) bedroom units.

Each unit is separately metered, with electric heat pump units. The owner has kept the building well maintained.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 075D00220000
Zoning: R-5B - Residential Two-Family District
Property Located Between: Grinstead Road and Longest Avenue
Highway Access: Not far from I-64, Grinstead Drive exits
Site Description: Located in the popular Historic Preservation District of the Cherokee Triangle Neighborhood
Area Description: Borders the busy and exciting Bardstown Road/Baxter Avenue corridor
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1909
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: 6 off street parking spaces available
Total Parking Spaces: 4
Heat Type: Electricity
Heat Source: Heat Pump
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: R5B
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Deed Book: 9625 Page: 0644

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,466 125,824 320,032
Median Age: 38.19 37.31 37.44
Households: 10,154 58,318 140,364

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