Apartment for Sale

Multi-Family for Sale
Catylist Listing ID: 30761810
Property Subtypes: Mid-Rise
Number of Units: 8 Units
Building Size (RSF): 4,417 SF
Gross Building Area: See Agent
Gross Land Area: 0.31 Acres
Sale Price: $150,000
Unit Price: $18,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2021

Overview / Comments

8 units and a rentable garage. Total rent can be $5500 to $6000 a month. Building needs work and is currently vacant. Total cash outlay with remodeling estimated to be $255,000. This would be an estimated cap rate of around 19%. Garage was rented for $700 a month. There is also a vacant lot next to building that can be built on.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 003J01650000
Zoning: R-7 - Residential Multi-Family District
Percent Occupied: 0%
Highway Access: Main St and 26th street
Site Description: Flat
Total Number of Buildings: 2
Property Condition: Poor
Number of Stories: 2
Year Built: 1890
Year Renovated: 2015
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: On street parking
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,062 117,598 255,892
Median Age: 33.8 34.95 36.44
Households: 7,485 48,962 109,547

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