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

View FullscreenMap

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

Contact

© 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.