12 Unit Apartment Building

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30835406
Property Subtypes: Mid-Rise
Status: Pending
Number of Units: 12 Units
Building Size (RSF): 8,042 SF
Gross Land Area: 0.28 Acres
Sale Price: $1,250,000
Unit Price: $104,166.67 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 3/24/2023

Overview / Comments

Totally renovated 12 unit apartment building in the Eastern Parkway area.
4-2 bedroom units and 8-1 bedroom units, each with additional storage space in the basement. Each unit has 1 designated parking space. The total building square footage is 8,042 with an additional 1620 square feet in the basement. The building was originally built in 1965 in a predominately residential area.

In April 2021 a fire started in one of the kitchen areas and substantially destroyed most of the building. In 2022 the building was totally renovated. Some of the work done included, but not limited to, the following replacements; roof, kitchens, doors, windows, electric, plumbing and HVAC systems. All appliances and 4 new coin laundry units were replaced. The building is substantially new. This will result for the new owner lower operating expenses over the next 5-10 years.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 083B02160060
Zoning: R-7 - Residential Multi-Family District
Percent Occupied: 100%
Property Located Between: Eastern Pkwy and Preston Hwy
Site Description: Coin operated laundry in the basement.
Area Description: Predominately a residential area
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1965
Year Renovated: 2022
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 1 designated parking space per unit.
Heat Type: Natural Gas
Fuel: Gas, Electric
Air Conditioning: Package Unit
Zoning Description: R7
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,670 141,808 317,685
Median Age: 36.43 35.4 36.79
Households: 6,521 62,877 137,069


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