Second & Adair

Multi-Family for Sale
Catylist Listing ID: 30498980
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 14 Units
Building Size (RSF): 825 SF
Gross Building Area: 6,000 SF
Sale Price: $770,000
Unit Price: $55,000 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Average Occupancy Rate: 93
Last Updated: 10/14/2019

Overview / Comments

The property consists of 14 units which include: two - 4-plexes and a 6-plex separated on 3 tracts. Each unit has 2 bedrooms, 1 bathroom, Living Room, Eat-In Kitchen & Garage. Each unit is 675sqft with many upgrades including roofing, windows, kitchen cabinets, appliances, HVAC, and hardwood floors. Excess land could be used to build additional units.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 057B00580000
Zoning: R-6 - Residential Multi-Family District
Percent Occupied: 93%
Property Located Between: 2. 2nd St. & W. Adair St.
Airports: Louisville Muhammad Ali International Airport
Site Description: The property consists of 14 units which include: two - 4-plexes and a 6-plex separated on 3 tracts. Each unit has 2 bedrooms, 1 bathroom, Living Room, Eat-In Kitchen & Garage. Each unit is 675sqft with many upgrades including roofing, windows, kitchen cabinets, appliances, HVAC, and hardwood floors. Excess land could be used to build additional units.
Area Description: This property is located in Louisville's Wilder Park neighborhood in the South End of town approximately four miles south of Downtown. Its boundaries include the Watterson Expressway to the South, Southern Parkway to the West, and Central Ave to the North. This location provides easy access to downtown Louisville via I-65 and its proximity to the Watterson Expressway makes most of Louisville easily accessible. The Louisville International Airport is nearby along with the University of Louisville and Churchill Downs.
Total Number of Buildings: 3
Property Condition: Average
Number of Stories: 2
Year Built: 1971
Year Renovated: 2019
Construction/Siding: Brick
Parking Ratio: 1.1 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 16
Internet Access: Cable

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,060 118,059 307,979
Median Age: 36.78 36.03 36.62
Households: 6,522 49,778 131,000

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