First St. Apartments
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30840007 |
| Status: |
Pending |
| Number of Units: |
5 Units |
| Building Size (RSF): |
5,084 SF |
| Gross Land Area: |
0.16 Acres
|
| Sale Price: |
$459,000 |
| Unit Price: |
$91,800 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
First Street Apartments |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/16/2023 |
Overview / Comments
|
Wow! $39,300.00 in annual gross rental income with 100% occupancy!. An incredible opportunity to own a stellar 5-plex in Old Louisville with ample off-street parking! Sellers have enjoyed owning this building for over 30 years but are now moving on to the next chapter of their lives and have thus decided to put this desirable property up for sale. Each unit features hardwood floors, spacious room sizes, and loads of natural light! The attractive living spaces, along with the handy off-street parking, have proven to easily attract quality renters. Located close to downtown, University of Louisville, and with easy access to interstates. Don’t let this rare find pass you by!
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Taxing Authority: |
Metro Louisville |
| Tax ID/APN: |
032B00610000 |
| Zoning: |
TNZD - Traditional Neighborhood Zoning District |
| Percent Occupied: |
100% |
| Property Located Between: |
W. Oak & W. Ormsby Streets |
| Highway Access: |
Approx. 2 blocks to I-65 interchange |
| Airports: |
10 minutes to Louisville Muhammad Ali International |
| Site Description: |
2.5 Story 5-plex on .163 acre corner lot with ample off street parking |
| Area Description: |
High density residential , blocks from U of L |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
3 |
| Year Built: |
1897 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Exterior Description: |
Solid brick exterior with large front porch and rear sun porch. |
| Parking Type: |
Surface |
| Parking Description: |
Gravel lot in rear of building |
| Total Parking Spaces: |
7 |
| Sprinklers: |
Other |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Fuel: |
Gas |
| Air Conditioning: |
Window Unit |
| Internet Access: |
Cable |
| Interior Description: |
5 Separage apts. including 1-2 BR, updated with functional floor plans |
| Zoning Description: |
TNZD |
| Lot Frontage: |
36 |
| Lot Depth: |
200 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements Description: |
Unknown |
| Land Ownership: |
Private |
| Legal Description: |
36x200 WS 1st between Oak & Ormsby # 1238-40 SO 1st |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
24,954 |
147,381 |
317,947 |
| Median Age: |
32.75 |
35.2 |
36.71 |
| Households: |
11,766 |
64,360 |
136,562 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
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