Deering Rd Area 1 Bedroom 4plex

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30659946
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 2,650 SF
Sale Price: $175,000
Unit Price: $43,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/8/2020

Overview / Comments

Four 1 Bedroom, 1 bath, approximately 650sf units in desirable Valley Station within walking distance of Walmart, fast food, and bus lines. All units are occupied with Month-to-Month tenants (one since 2013). Below market rents leave room for potential upswing. Current monthly rents are $1595 total with tenants paying electric. Owner pays common area electric, water, and trash. This can be purchased separately or combined with 10406 Greentree and/or 10414 Torrington Rd (1 block away).

These units have been properly maintained, have central heat and air but are dated.



Finance Data Year 2020
Real Estate Taxes - Annual($) $1,326 (Annual)
Tax Value Land $28,000
Tax Value Improvements $89,000
Assessed Value - Total($) $117,000 (Annual)

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 128500180000
Zoning: R-6 - Residential Multi-Family District
Property Located Between: Dixie Highway and Third St Rd (off Deering Rd)
Highway Access: Close to I-841 (Gene Snyder) at exit 0 (Dixie Highway)
Site Description: 80 x 127
Area Description: Lots of retail, warehouse and restaurants nearby
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1970
Construction/Siding: Brick
Parking Ratio: 2 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 8
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Engineered System
Interior Description: 100% Occupied. Maintained regularly but interior and mechanicals are dated. Month-to-Month tenants at below market rents mean huge upside if/when renovated. All mechanicals are functional.
Lot Frontage: 80
Lot Depth: 127
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,175 50,010 103,020
Median Age: 37.2 38.45 38.3
Households: 5,541 19,319 40,697


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