Desirable 5-plex near Southern Parkway, Garages, Full Occupancy
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30851150 |
| Property Subtypes: |
Duplex/Fourplex
|
| Status: |
Pending/Contingent |
| Number of Units: |
5 Units |
| Building Size (RSF): |
4,080 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$359,000 |
| Unit Price: |
$71,800 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
8/15/2023 |
Overview / Comments
|
Professionally managed for 25+ years and ready for a new owner. Fully leased with most tenants on M-T-M leases. Mostly long term tenants with low rents meaning plenty of upside for new buyers. The first and second floor apartments are nearly identical with hardwood floors, large living room with good natural light, dining area, kitchen with stove and fridge, tile bathroom and nice-sized bedroom with two closets. The basement unit has a tile bathroom, living room, two bedrooms, kitchen and full bath. Rare off-street parking includes two garage spaces and two carport spaces. Extra storage in the basement. Lots of updates through the years. A solid building with excellent rental history and high demand rental area. Rent roll available.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
057A00510000 |
| Zoning: |
R-6 - Residential Multi-Family District |
| Percent Occupied: |
100% |
| Property Located Between: |
Lansing and 264 |
| Total Number of Buildings: |
1 |
| Property Condition: |
Average |
| Number of Stories: |
2 |
| Year Built: |
1951 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Parking Description: |
2 garages and 2 carports |
| Total Parking Spaces: |
4 |
| Laundry: |
Shared |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Fuel: |
Gas |
| Air Conditioning: |
Window Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,821 |
118,144 |
311,008 |
| Median Age: |
36.96 |
36.02 |
36.59 |
| Households: |
6,421 |
49,881 |
132,401 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
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