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: 5/27/2024

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

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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
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