32 Apartments Units

Multi-Family for Sale
Catylist Listing ID: 30831212
Property Subtypes: Low-Rise/Garden
Number of Units: 32 Units
Building Size (RSF): 21,500 SF
Gross Building Area: See Agent
Gross Land Area: 53,112 SF
Sale Price: $2,176,000
Unit Price: $68,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/25/2023

Overview / Comments

Two separate 16 plex two story brick buildings, located across the street from each other. To be sold together. 601-601 Revolutionary Rd also has a 2nd address that is on the other side of the building that is 7607 & 7609 Garrison Rd because it is at the corner of the two streets. The other 16 plex across the street is 7602 & 7604 Garrison Rd.
Currently 29 units are rented and the other 3 vacant units are being updated..
Owner pays sewer, water, dumpsters. and hall/outside lights.
1 unit available to show, providing Realtor show funds or loan approval to listing broker and providing a signed Confidentiality form signed by Realtor and buyer. Also rent roll is available upon request also including a Confidentiality form signed by Realtor/buyers. Availability of units to show will vary.
Approx. 15 units have been updated in past 2 years..

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 139303110000
Zoning: R-7 - Residential Multi-Family District
Percent Occupied: 88%
Property Located Between: Yorktown and Tolls Ln.
Highway Access: National Turnpike to I65.
Airports: Muhammed Ali International Airport
Site Description: Flat lot with ample parking and sidewalks.
Area Description: Combinations of residential homes and apartments with commercial close by.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1970
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Brick buildings
Parking Type: Surface
Parking Description: Ample parking
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Other
Interior Description: 1 bedroom units with refrigerator and stove.
Zoning Description: R-7
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Water Rights, Utilities, Other
Land Ownership: Owned
Legal Description: Parcel 139303110000 & Parcel 139303160000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,963 57,757 197,962
Median Age: 35.55 36 36.81
Households: 3,086 23,235 80,128

Contact

Photograph of Listing Agent

John M Pfannenschmidt

John Pfannenschmidt REALTORS KCREA Member
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