Mt Washington Square Apartments

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30475172
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 34 Units
Building Size (RSF): 34,500 SF
Gross Land Area: 2.55 Acres
Sale Price: $2,375,000
Unit Price: $69,852.94 Per Unit
Property Use Type: Investment
Building Name: Mt Washington Square Apartments
Usable Size (USF): 34,000 SF
Sale Terms: Cash to Seller
Cap Rate: 5.37%
Average Occupancy Rate: 100
Last Updated: 9/5/2019

Overview / Comments

Rare opportunity for 34 unit apartment complex in Mt Washington KY. All are large 2 bedroom one bath units 925-1025 square feet with in unit washer/dryer hookups.

This complex is a particularly desirable investment in part because all utilities in the units are individually metered and paid by the tenants. This includes gas, electricity and water and sewer costs. Further all units have discrete outside entrances. Gabled roof with all roofs replaced in 2012.

One owner, builder/owner/manager first time on the market. Built in 1993/94.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Bullitt
Taxing Authority: Bullitt County
Tax ID/APN: 077-W00-18-012C
Zoning: R3 - Multi-Family Residential, Lower Density
Percent Occupied: 100%
Property Located Between: Mt Washington
Highway Access: Near Hwy 31 E and Hwy 44 in Mt Washington. Located between Flatlick Rd and N. Bardstown Rds.
Airports: SDF- Louisville Muhammad Ali Airport
Area Description: Apartments are near Mt Washington City Center close to shopping, many services, schools and highways. Mt Washington lies just south of Metro Louisville and offers a small town appeal near Kentucky's largest city.
Total Number of Buildings: 5
Property Condition: Good
Number of Stories: 2
Year Built: 1993
Construction/Siding: Brick/Vinyl Siding
Exterior Description: Brick frontage finishes with vinyl siding on three sides.
Parking Type: Surface
Parking Description: Striped lot in front of units, 70 parking spots.
Total Parking Spaces: 70
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Multifamily
Water Service: Municipal
Sewer Type: Municipal
Easements Description: None that we know of, pending survey.
Land Ownership: Ables & Hall
Legal Description: 1 TR N Bardstown Rd 0 N Bardstown Rd

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,592 19,843 37,608
Median Age: 36.83 37.56 38.52
Households: 2,639 7,474 14,123


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