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

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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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