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

View FullscreenMap

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


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.