Two Duplexes and a Single Family Portfolio

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30724513
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 5 Units
Building Size (RSF): 7,500 SF
Gross Building Area: See Agent
Sale Price: $570,000
Unit Price: $114,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/13/2021

Overview / Comments

All three of the properties are extremely well maintained, with under-market rents and tenants paying all of the utilities. The owner would consider selling the assets individually. Details on each property include:

4559 S. 1st St. (Duplex)
- Side by side units, 2BR/1BA each
- Desirable Beechmont neighborhood
- Tenants pay for LG&E and water
- Each tenant gets their own 1-car detached garage
- Current rent is $950/unit
- For sale individually for $300,000

2317/2319 Algonquin (Duplex)
- Side by side units, 2BR/1BA each
- Tenants pay LG&E and water
- Off street parking
- Current rent is $550/unit
- For sale individually for $143,000

3380 Dearcy (Single Family)
- 3BR/1.5BA single family home
- Close to Churchill Downs
- Tenants pay LG&E and water
- Off street parking
- Current rent is $995
- Sold individually for $127,000

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 057M00470000
Zoning: R-5 - Residential Single Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,626 107,043 300,189
Median Age: 35.55 36.03 36.71
Households: 7,416 44,511 128,188
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