Updated Quadplex Fully Occupied Rental Property

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30697860
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 4,392 SF
Gross Building Area: See Agent
Sale Price: $405,000
Unit Price: $101,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.2%
Average Occupancy Rate: 100
Last Updated: 1/26/2021

Overview / Comments

4411 Southern Pkwy 4 UNITS Quadplex w/ garage
#1 2 bed 1 bath 1,098 sq ft. rent $1,145 occupied washer/dryer included
lease term 7/21/20-6/30/21-$1,595 deposit
#2 2 bed 1 bath 1,098 sq ft. rent $1,050 occupied washer/dryer included
lease term 7/1/20-6/30/21-$1,050 deposit
#3 2 bed 1 bath 1,098 sq ft. rent $950 occupied washer/dryer included
lease term 7/1/30-6/30/21-$950 deposit
#4 2 bed 1 bath 1,098 sq ft. rent $750 occupied washer/dryer included
lease term expires 6/30/21-$695 deposit
$37,100.27 NOI
9.2% CAP rate. If financed with 20% down/15 yr AM at 4.75% it produces $6,858.11 positive cash flow
Units #1 and #2 get more rent because they have brand new kitchens. Units #3 and #4 are updated with similar finishes to each other. unit #4 is $200 below fair market rent.
Owner pays water

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 057A00070000
Zoning: R-6 - Residential Multi-Family District
Percent Occupied: 100%
Property Condition: Excellent
Number of Stories: 2
Year Built: 1948
Year Renovated: 2020
Parking Description: garage for each unit
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,719 121,757 303,527
Median Age: 36.57 36.01 36.57
Households: 7,116 51,153 129,184

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.