South Louisville 12 plex

Multi-Family for Sale
Catylist Listing ID: 30840284
Property Subtypes: Low-Rise/Garden
Number of Units: 12 Units
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Sale Price: $845,000
Unit Price: $70,416.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/5/2024

Overview / Comments

This is a great opportunity to own a cash flowing 12-unit apartment building. The property is situated on a large lot conveniently located at the corner of Preston Highway and E Indian Trail. The proximity to bus stops and grocery stores makes this asset very desirable for tenants. The owners have turned several units installing LVP flooring. The improved units are leased for $901. A new owner can continue turning units and raising rent to add value.

Highlights include:

> 11 1BR/1BA units and 1 studio unit
> Separate electric meters, tenants pay their own electric
> High occupancy
> Ample off street parking

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 087400430039
Zoning: R-7 - Residential Multi-Family District
Percent Occupied: 91%
Property Located Between: Preston and Indian Trail
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1965
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Parking Lot
Sprinklers: None
Heat Type: Natural Gas, Steam
Heat Source: Baseboard
Fuel: Gas
Air Conditioning: Window Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,172 78,364 287,743
Median Age: 34.85 36.68 37.19
Households: 5,484 33,026 122,138
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