16 Unit Multifamily For Sale

Multi-Family for Sale
Catylist Listing ID: 30867695
Property Subtypes: Low-Rise/Garden
Number of Units: 16 Units
Building Size (RSF): 9,720 SF
Gross Building Area: See Agent
Sale Price: $1,104,000
Unit Price: $69,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/19/2024

Overview / Comments

This offering includes both 4311 and 4313 Norbrook Dr. Each property contains eight apartment units, and are located with easy access off Fegenbush Lane/Bardstown Road in the Buechel neighborhood.

4311 Norbrook Dr. Highlights:

> Eight 1BR/1BA apartments
> Individual PTAC's in each unit
> Newly paved parking lot
> New LVP in some units
> Separately metered LG&E

4313 Norbrook Dr. Highlights:

> Four 2BR/1BA and four 1BR/1BA apartments
> Individual HVAC's in each unit
> Coin-op laundry available (used by both buildings)
> Separately metered LG&E

The buildings have been professionally managed, and there is opportunity to continue to maximize revenues and streamline expenses for the next investor.

Link to rent roll: https://connect.prgproperty.com/deal-room/145?signature=73f1e62425b644233f86ffefd996636d68b3ac3b07f162c5ca497469b43a5e86

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 202700160000
Zoning: R-7 - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,366 124,128 277,030
Median Age: 39.36 38.44 38.81
Households: 2,480 52,938 120,110
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