1601-1605 Algonquin Pkwy
Multi-Family
for Sale
| Catylist Listing ID: |
30863428 |
| Property Subtypes: |
Low-Rise/Garden
|
| Number of Units: |
12 Units |
| Building Size (RSF): |
8,700 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.46 SF
|
| Sale Price: |
$815,000 |
| Unit Price: |
$67,916.67 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Algonquin Apartments |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/15/2024 |
Overview / Comments
Owner has spent considerable effort and money to bring these apartments to their excellent condition. New sewer lines have been installed for all buildings, from buildings to street. All bathrooms have ceramic tile. Most kitchens have ceramic tile, others linoleum. All other floor areas are easy to maintain and cost-efficient hardwood flooring has been refinished in most units. Each building has a full basement and is equipped with washer and dryer hookup for the tenants. All apartments have been painted with good quality paint. Every single room has a ceiling fan, helping tenants keep their utility bills down.
Located at a high visibility intersection of Algonquin Parkway and S 16th Street, Louisville, Kentucky. Close to shops and on the bus line. This is a popular rental area, with a mix of residential homes, apartments and commercial establishments.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Taxing Authority: |
Jefferson county |
| Tax ID/APN: |
041H00230000 |
| Zoning: |
R-7 - Residential Multi-Family District |
| Percent Occupied: |
67% |
| Highway Access: |
i-65 |
| Airports: |
5 miles, 10 minutes to Louisville International Airport (SDF) |
| Total Number of Buildings: |
3 |
| Property Condition: |
Average |
| Number of Stories: |
2 |
| Year Built: |
1955 |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Laundry: |
Shared |
| Heat Type: |
Natural Gas |
| Heat Source: |
Other |
| Fuel: |
Gas |
| Air Conditioning: |
Window Unit |
| Lot Frontage: |
Algonquin Parkway |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
19,291 |
147,796 |
280,952 |
| Median Age: |
34.07 |
35.36 |
36.49 |
| Households: |
7,363 |
62,141 |
120,051 |
|
© 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.
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