Apartment - Retail with room for expansion

Multi-Family for Sale
Catylist Listing ID: 30737259
Property Subtypes: Duplex/Fourplex
Number of Units: 5 Units
Building Size (RSF): 11,360 SF
Gross Land Area: 0.10 Acres
Sale Price: $160,000
Unit Price: $32,000 Per Unit
Property Use Type: Investment
Building Name: Retail and Apartment
Usable Size (USF): 11,360 SF
Sale Terms: Cash to Seller
Cap Rate: 9.19%
Last Updated: 6/7/2021

Overview / Comments

Great property in the heart of Eminence Ky. This property consist of two retail / office space's on the ground level with 3 apartment on the second floor. Current monthly rents are $1,835, tenant pay all utilities. The right side of the building on the second floor is currently a large open space which could be renovated into additional apartments of office space. Plenty of upside potential.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Henry
Percent Occupied: 75%
Site Description: Great store front building in the heart of Eminence KY.
Area Description: Rural town located close to LaGrange and Shelbyville KY
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1900
Year Renovated: 1990
Roof Type: Flat
Construction/Siding: Block, Brick, Concrete
Exterior Description: Classic old town store fronts.
Parking Type: Surface
Parking Description: Street parking as well as reserved spaces at the back of the building.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Two store front/office spaces on the ground level and 3 apartments and large unfinished area on the second floor.
Zoning Description: General Commercial,
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,885 3,628 8,834
Median Age: 36.03 37.3 40.86
Households: 1,135 1,419 3,423


© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.