8 unit Apartment Building
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30831064 |
| Property Subtypes: |
Mid-Rise
|
| Status: |
Pending |
| Number of Units: |
8 Units |
| Building Size (RSF): |
10,248 SF |
| Gross Land Area: |
0.40 Acres
|
| Sale Price: |
$1,200,000 |
| Unit Price: |
$150,000 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Call for Offers: |
Yes |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
997 |
| Last Updated: |
5/20/2023 |
Overview / Comments
Welcome to this high quality 8 unit multifamily investment opportunity located within Hickory Trace Apartments, a Class A multifamily community. Each unit is equipped with black GE kitchen appliances (dishwashers, electric ranges, microwaves, and refrigerators), along with laundry hookups. Each of the units offers two spacious bedrooms, two full bathrooms, a generous living room along with a private balcony or patio area with additional exterior storage. Residents enjoy above average storage space within the units with large amounts of closet space. Built in 2008, this property continues to succeed due to substantially increased rental demand. This professionally managed asset is in position to be a strong performer. All existing units provide 1,150+ square feet of living space.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Taxing Authority: |
Jefferson County/Kentucky |
| Tax ID/APN: |
368900010000 |
| Zoning: |
R-6 - Residential Multi-Family District |
| Percent Occupied: |
100% |
| Property Located Between: |
Preston Hwy and South Park Rd |
| Highway Access: |
I-265 to Preston. North to Blue Lick Rd |
| Airports: |
SDF |
| Site Description: |
Corner lot. Completed construction |
| Total Number of Buildings: |
1 |
| Property Condition: |
Excellent |
| Number of Stories: |
2 |
| Year Built: |
2008 |
| Roof Type: |
Gambrel |
| Construction/Siding: |
Brick/Vinyl Siding |
| Exterior Description: |
Solid brick construction. Excellent condition |
| Parking Ratio: |
1.5 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
12 spots, including two handicapped and two guest spots |
| Total Parking Spaces: |
12 |
| Laundry: |
In Each Unit |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Fuel: |
Gas |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable, DSL, Satellite |
| Interior Description: |
Open floorplan. Black GE appliances. 3 units have been freshly painted and updated with LVP flooring. |
| Zoning Description: |
R-6 Neighborhood Form district |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Owned |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,032 |
67,900 |
177,141 |
| Median Age: |
37.64 |
36.73 |
36.63 |
| Households: |
4,788 |
26,508 |
70,267 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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