Multi-Family for Sale
Catylist Listing ID: 30817992
Property Subtypes: Mid-Rise
Number of Units: 9 Units
Building Size (RSF): 7,206 SF
Gross Building Area: See Agent
Sale Price: $899,000
Unit Price: $99,888.89 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2022

Overview / Comments

INVESTMENT OPPORTUNITY!!! located in Old Louisville. This fully leased brick 9-plex building is a rare find in the neighborhood - a multi-family which has dedicated off street parking for 15 vehicles specifically for the building. Each unit has its own HVAC as well as use of a courtyard area. The building is individually metered, Tenants pay LG&E, Owner pays water. This building has a 100% occupancy rate and a very low vacancy history. The building consists of two-2 bed-room apartments, 2-studio apartments, remainder are 1 bedroom. Laundry facility across the street, basement storage. Property Management services available after sale. The building is located in the heart of Old Louisville, minutes to UofL, Churchill Downs, Downtown and easy convenient access to I-65. Opportunity for higher rent revenue. Rent Roll and P&L available upon request (contact listing agent).

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 032E00690000
Zoning: C-R - Commercial/Residential District
Percent Occupied: 60%
Property Located Between: Old Louisville
Highway Access: Very close to highways, and downtown
Airports: 10 mins
Site Description: Large complex with parking in the rear of the building.
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Built: 1900
Year Renovated: 2022
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Brick building with historic look
Parking Type: Surface
Parking Description: Parking in rear of the building, as well as some street parking
Total Parking Spaces: 15
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Heat Pump
Fuel: Gas
Air Conditioning: Other
Interior Description: Mixed units between 2 BR, 1 BR, and Studio
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,745 148,344 314,675
Median Age: 32.69 35.24 36.67
Households: 10,927 64,418 135,291


Photograph of Listing Agent

Larry W Baker

Realty Advanced KCREA Member
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