Multi family completely renovated fully occupied rental property

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30681554
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 3 Units
Building Size (RSF): 3,568 SF
Gross Building Area: See Agent
Sale Price: $360,000
Unit Price: $120,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.9%
Average Occupancy Rate: 100
Last Updated: 1/20/2021

Overview / Comments

2822 S 3rd St 3 UNITS TRIPLEX
#1 2 bedroom 1 bath 1,438 sq ft. rent $1,040 occupied washer/dryer in unit
lease term 7/15/20-7/14/21-$1,040 deposit
#2 3 bedroom 1 bath 1,438 sq ft. rent $1,560 occupied washer/dryer in unit
lease term 7/15/20-7/14/21-$1,560 deposit
#3 1 bedroom 1 bath 692 sq ft. rent $725 occupied washer/dryer in unit
lease term 7/15/20-7/14/21-$725 deposit
$31,952.21 NOI.
CAP rate is 8.9% and it creates $5,070.29 cash flow if financed at 20% down/15 yr AM/at 4.75%
Owner pays water

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 050F01030000
Zoning: R-7 - Residential Multi-Family District
Percent Occupied: 100%

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,564 141,529 306,957
Median Age: 31.95 35.59 36.69
Households: 6,528 61,797 131,450

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