Completely Renovated Multifamily Opportunity

Multi-Family for Sale
Catylist Listing ID: 30283000
Property Subtypes: Mid-Rise
Number of Units: 49 Units
Building Size (RSF): 49,923 SF
Gross Building Area: See Agent
Sale Price: $2,850,000
Unit Price: $58,163.27 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2018

Overview / Comments

The Gables at Stoneridge Apartments features 49 units located in the southern part of Jefferson County in Louisville's Auburndale area. The entire complex was completely renovated within the past 9 years, including new roofs, windows, HVAC, electric, plumbing and unit interiors. Surrounded by a uniquely pleasant setting, this high quality complex is situated next to a condominium development with wooded areas on all sides. It features an interior courtyard and distinct architectural features making it an ideal residence for quality renters who prefer close proximity to the stable employment opportunities in the Southern part of Louisville.

This rare investment opportunity features the following highlights:

:: Less than one mile from Doss High School, Southwest YMCA, and Iroquois Park
:: Complete property over-haul within the past 9 years
:: Separately metered for gas & electric; separate water meters allow for upside
:: Stable tenant base and high demand in the surrounding area

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 103400780000
Zoning: C-2 - Commercial District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,691 102,704 206,994
Median Age: 38.84 37.36 37.09
Households: 3,941 41,889 83,405
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