Fully Occupied 7-plex in Shelby Park

Multi-Family for Sale
Catylist Listing ID: 30866616
Property Subtypes: Low-Rise/Garden, Other
Number of Units: 7 Units
Building Size (RSF): 4,688 SF
Gross Building Area: See Agent
Sale Price: $435,000
Unit Price: $62,142.86 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/11/2024

Overview / Comments

Check out this fully occupied and updated cash flowing 7 Plex. This building has been significantly renovated over the past several years with five units rehabbed and rented out to Veterans using the metro section 8 voucher program. The C2 zoning allows for a great deal of flexibility with this building for opportunities for short term rentals, retail, office space or continued multifamily housing. 2024 voucher increases are a plus for this building and opportunity to rehab and increase rents for several more units. Located in the up and coming area of Shelby Park, this multifamily is a perfect addition to an existing portfolio or a great way to start to build a portfolio. Property Professionally managed. Current rent roll is $6,000/month. Property has electric water heater paid by owner. All units metered out for electric. Owner replaced five HVAC's in 2023. Rent Roll and financials available upon request.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 023D00350000
Zoning: C-2 - Commercial District
Percent Occupied: 100%
Construction/Siding: Vinyl Siding
Parking Description: Street Parking
Heat Type: Natural Gas, Other
Heat Source: Heat Pump, Other
Fuel: Gas
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,886 146,223 323,386
Median Age: 34.89 35.41 36.82
Households: 12,425 65,023 139,281


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