112 Unit Multifamily Offering

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30392423
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 112 Units
Building Size (RSF): 69,198 SF
Gross Building Area: See Agent
Sale Price: $4,295,000
Unit Price: $38,348.21 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2019

Overview / Comments

The Twin Oaks Apartments is a well maintained, 112 unit multifamily offering in the south-end of Louisville. Located near the dense Preston Highway commercial corridor, and many industrial/manufacturing employment bases, the property enjoys consistently high occupancy. Substantial improvements to the exterior, including most windows and sidewalks, have been performed recently.

This offering is a rare opportunity to acquire a sizable amount of quality, workforce housing in a high demand area with upside in rent growth.

» Property enjoys high occupancy
» High demand rental area
» Separately metered for electric service
» Tenants pay utility reimbursement
» $38,348 per unit price

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 087400480044
Zoning: R-7 - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,172 72,946 288,091
Median Age: 34.85 36.82 37.05
Households: 5,484 30,618 121,789
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