Old Louisville Multifamily Investment

Multi-Family for Sale
Catylist Listing ID: 30761600
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,386 SF
Sale Price: $445,000
Unit Price: $111,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/21/2021

Overview / Comments

Old Louisville multifamily investment opportunity on ''Millionaire's Row'' adjacent to the University of Louisville campus. This Victorian era home boasts a covered porch and ornate entry hall leading to four units. Tenants pay all utilities including water. There are two furnaces and one water heater. The laundry is provided at no cost to tenants. The rear yard is fenced with multiple decks. A 3-car garage is on the alley. Well maintained and easy to rent. Would also work well as an owner-occupied home with one unit having 4 bedrooms and 2 baths.
Gross annual rents are $43,800.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 033D00700000
Zoning: TNZD - Traditional Neighborhood Zoning District
Percent Occupied: 100%
Highway Access: I-65 to St Catherine to S 3rd St
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 3
Year Built: 1906
Construction/Siding: Brick
Parking Description: 3 car garage
Total Parking Spaces: 3
Laundry: Shared
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Evaporative Cooler, Window Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,786 151,763 308,336
Median Age: 31.66 35.37 36.69
Households: 10,492 65,777 132,655


Photograph of Listing Agent

Brian Puryear

PDG Realty KCREA Member
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