Highlands 3 Unit Multifamily For Sale

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30414431
Property Subtypes: Duplex/Fourplex, Other
Status: Pending/Contingent
Number of Units: 3 Units
Building Size (RSF): 4,317 SF
Gross Building Area: See Agent
Gross Land Area: 0.27 Acres
Sale Price: $565,000
Unit Price: $188,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/13/2019

Overview / Comments

REDUCED! Extremely well located Highlands renovated Tri-Plex available for sale; a rare opportunity to add tremendously low risk and long term upside to your rental portfolio. This premier multifamily investment opportunity is easily applied as it once was as a 4-plex, as units 1 & 2 have been combined for one large unit currently used as the owner's unit (4 gas & electric meters remain).

This high quality asset has been extensively renovated with a long list of improvements including mechanicals, major systems and cosmetics. Additionally, it is currently well suited for either a ''house hack'' to cover household expenses or long term low risk 3-4 unit multifamily investment.

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Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 076G01320000
Zoning: R-5 - Residential Single Family District
Property Located Between: Deerwood and Speed Ave
Highway Access: I-264 & I-64
Airports: Louisville International Airport
Site Description: Residential street within less than a .1 of a mile from commercial corridor of Bardstown Road.
Area Description: The Highlands is a lively area known for its nightlife and dining, with brewpubs and karaoke bars alongside pizzerias and celebrity chef eateries on Bardstown Road. Shopping spans quirky indie fashion and handcrafted leather goods to bookshops and artisan bakeries.
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 1900
Year Renovated: 2019
Roof Type: Arched
Construction/Siding: Wood Frame
Parking Type: Structure
Parking Description: Two-car garage, off street and on street parking
Total Parking Spaces: 4
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: R-5 Multifamily
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,438 120,873 317,612
Median Age: 37.44 38.73 37.6
Households: 8,963 57,235 139,576

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