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.

PLEASE DO NOT DISTURB TENANTS.

Financials

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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