34 Unit Workforce Housing Complex

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30507312
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 34 Units
Building Size (RSF): 14,202 SF
Gross Building Area: See Agent
Sale Price: $795,000
Unit Price: $23,382.35 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2019

Overview / Comments

Manslick Pointe is a 34 unit workforce housing complex located in Louisville's south end. This well maintained complex is highlighted by the high demand rentals, recent capital improvements and a value-add component of upward rent mobility.

:: 34 studio apartment units
:: $23,382/unit pricing
:: High demand rentals
:: Efficient PTAC units in place
:: Owner pays utilities
:: Avg. monthly rent of $480 per unit (below market)

Please contact the listing agent for more information.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 090E01470000
Zoning: R-7 - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,932 124,234 265,540
Median Age: 35.13 35.87 36.44
Households: 6,372 52,017 111,032
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