Rare 12-Unit Multifamily

Multi-Family for Sale
Catylist Listing ID: 30831220
Property Subtypes: Low-Rise/Garden
Number of Units: 12 Units
Building Size (RSF): 10,290 SF
Gross Building Area: See Agent
Sale Price: $900,000
Unit Price: $75,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/31/2023

Overview / Comments

Hoagland Commercial Realtors is pleased to present this 12-unit offering off of Fordhaven Rd. Consisting of two 6-unit buildings, this offering provides opportunities for both newer and seasoned investors alike with this rare opportunity to scale immediately in an area of town consistently needing more multifamily housing options.

Roofs at both properties are roughly two years old. One of the properties underwent extensive renovation due to a recent fire, while the other has been updated as units have come vacant. Eleven of the twelve units are 2-br/1-bath and there's one unit that is 1-br/1-bath, and each bedroom comes with a closet. Units are separately metered, with the owner paying the water bill and trash. Room to bump current rents and increase occupancy with renovations finished. There is a coin laundry in one of the buildings.

Email or call the listing agent for additional information.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 144400090000
Zoning: R-6 - Residential Multi-Family District
Total Number of Buildings: 2
Property Condition: Good
Year Built: 1972
Year Renovated: 2022

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,375 101,899 197,795
Median Age: 37.41 38.38 37.18
Households: 2,564 41,408 79,488


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