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

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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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