9 Unit apartment on 1.24 acres zoned C1
Multi-Family
for Sale
| Catylist Listing ID: |
30867738 |
| Property Subtypes: |
Low-Rise/Garden
|
| Number of Units: |
9 Units |
| Building Size (RSF): |
4,312 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$400,000 |
| Unit Price: |
$44,444.44 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
10.0% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/4/2024 |
Overview / Comments
Opportunity to buy a cash-flowing apartment building with 9 studio apartments. The current owners have made many upgrades including a blacktop parking lot, and LVP flooring in some units. The property is currently 100% occupied bringing in $5,850 in gross rent each month.
The property has a total of 1.24 acres of C1 land. The apartment takes up roughly 1/4 of the land leaving land for future development.
Do not disturb tenants. building will only be shown after an offer has been accepted.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
113700200000 |
| Zoning: |
C-1 - Commercial District |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
815 |
13,796 |
38,045 |
| Median Age: |
41.64 |
35.9 |
38.44 |
| Households: |
328 |
5,156 |
14,498 |
|
© 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.
|
