Development Land Approved for 100 Units Multifamily
Vacant Land
for Sale
Also listed as Multi-Family
| Catylist Listing ID: |
30860150 |
| Property Subtypes: |
Multi-Family
|
| Gross Land Area: |
4.90 Acres
|
| Sale Price: |
$1,980,000 |
| Unit Price: |
$404,081 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/9/2023 |
Overview / Comments
This 4.9 acre parcel is located in a desirable section of South Louisville, east of I65 and north of I265. It is situated in a densely populated, established neighborhood, amid other multifamily, condo, and single family properties.
The land has been approved for 100 large 2BR/2BA units: four 24 unit buildings, plus a four-plex. Sewers currently run to the east and west perimeters of the property.
Additional information linked below.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
368900010000 |
| Zoning: |
R-7 - Residential Multi-Family District |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,083 |
69,155 |
176,500 |
| Median Age: |
36.87 |
36.6 |
36.63 |
| Households: |
3,964 |
26,947 |
70,013 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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