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.

Attachments & Media

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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

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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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