8 Plex Near Beechmont
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30679661 |
| Property Subtypes: |
Mid-Rise
|
| Status: |
Pending |
| Number of Units: |
8 Units |
| Building Size (RSF): |
5,200 SF |
| Sale Price: |
$450,000 |
| Unit Price: |
$56,250 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
1/11/2021 |
Overview / Comments
|
Eight 2 BR units in an L shaped building, part of a former condominium complex, located in the desirable Beechmont area. Each building has a basement with individual storage units and washer and dryer hook ups. Units are currently rented below market rate with upside potential. Gross rents are $4000 per month, tenants pay LGE, owner pays water and sewer. Market rents should be $5200 per month. Per seller, most tenants are month to month leases and have been there a long time.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Taxing Authority: |
Jefferson County |
| Tax ID/APN: |
053N00K10000 |
| Zoning: |
OTHER |
| Percent Occupied: |
100% |
| Property Located Between: |
Corner of Ashland Ave and Southern Pkwy. |
| Site Description: |
L shaped 8 plex with plenty of parking on a flat lot. Accessed from the rear off of Ashland Ave. |
| Total Number of Buildings: |
1 |
| Property Condition: |
Average |
| Number of Stories: |
2 |
| Year Built: |
1981 |
| Year Renovated: |
2006 |
| Construction/Siding: |
Brick |
| Exterior Description: |
L shaped 2 story brick building. |
| Parking Ratio: |
1.5 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Marked parking in front and to the side of the building. |
| Total Parking Spaces: |
12 |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Fuel: |
Gas |
| Interior Description: |
Each unit is 2 bedrooms and 1 bath with living room and kitchen. There is extra storage and washer/ dryer hookups for each unit in the basement. |
| Zoning Description: |
Condo 1-50 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
19,973 |
112,052 |
299,176 |
| Median Age: |
34.89 |
36.18 |
36.71 |
| Households: |
8,232 |
46,517 |
127,475 |
|
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