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
Zoning: COMMERCIAL
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

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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

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