Six Unit Multifamily Property For Sale

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30745127
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 6 Units
Building Size (RSF): 5,120 SF
Gross Building Area: See Agent
Sale Price: $395,000
Unit Price: $65,833.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/25/2021

Overview / Comments

Six Unit Multifamily Property For Sale
<> All units are two-bedroom one bathroom
<> Affordably priced investment property
<> Value add potential
<> Stable rent roll with some tenants in place for nearly twenty years
<> Owners have recently repaved and striped the parking lot
<> Well located in a stable high demand area
<> Conveniently located off Grant Line Road near restaurants, shopping, parks and schools

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Floyd
Tax ID/APN: 22-05-02-300-221.000-008
Zoning: A-1
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Built: 1981
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: General multifamily
Parking Type: Surface
Parking Description: Approximately 15 spaces dedicated to this building. Shared lot with adjacent property.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Six two bedroom one bathrooms units with an interior common area stairwell.
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Access and parking with adjacent property
Land Ownership: Of Record
Legal Description: Of Record

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,594 53,907 116,848
Median Age: 38.71 38.7 38.57
Households: 4,007 22,481 47,507
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