8-Plex New Albany

Multi-Family for Sale
Catylist Listing ID: 30769403
Property Subtypes: Duplex/Fourplex
Number of Units: 8 Units
Building Size (RSF): 3,800 SF
Gross Building Area: See Agent
Sale Price: $399,900
Unit Price: $49,987.50 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Vincennes Manor
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/3/2021

Overview / Comments

RARE multi-family offering, 8-plex. Some units have been rehabilitated and rents have upside. Several rents below market. 3 electrical meters, shared, 1 water and gas meter for property. Exterior recently painted and 4/8 units remodeled. Mixed units studios, 1BR's and a 2BR. Boiler system in good condition and serviced, per manager. Larger lot used for parking, and street parking on Vincennes.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-04-200-647.000-008
Percent Occupied: 87%
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 2
Construction/Siding: Vinyl Siding
Exterior Description: Good vinyl, and repainted 2020
Parking Type: Other
Heat Type: Other
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: 16,237 75,513 181,048
Median Age: 34.76 37.59 37.33
Households: 6,877 30,747 76,125


Photograph of Listing Agent

Matthew L Conway

Conway & Associates KCREA Member
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