12 Units side by side Off St Andrews Church rd

Multi-Family for Sale
Catylist Listing ID: 30814778
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 12 Units
Building Size (RSF): 3,465 SF
Gross Building Area: 10,400 SF
Sale Price: $900,000
Unit Price: $75,000 Per Unit
Property Use Type: Investment
Usable Size (USF): 3,465 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 95
Last Updated: 9/3/2022

Overview / Comments

Price improvement 8-29-22.
3x 4 plex units TOGETHER. 3104-3108-3112 Springfield Dr
2 Bed 1 bath units with significant recent updates and room to move on rent. 30 day leases with option to extend or terminate.
Each Unit comes with a 400 square foot private basement for extra storage and includes Laundry hookups. Seller pays water and trash. One vacant unit currently

Recent Improvements: Significant drainage correction to stop water intrusion into the properties including repair to the sump pumps or addition of sump pumps.
Added the parking lot, resurfaced all drives, and removed one driveway to eliminate the joint use between 3112 and the less desirable building next door not owned by my seller.

Updated HVAC in units as necessary. Elevating off the ground on new AC compressors to reduce damage and theft.
Dumpster is shared by all three buildings

This price is AS-IS.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Metro Louisville
Tax ID/APN: 144400390000
Zoning: R-6 - Residential Multi-Family District
Percent Occupied: 90%
Property Located Between: Shively and PRP
Site Description: MultiFamily
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 2
Year Built: 1972
Year Renovated: 2019
Construction/Siding: Brick/Aluminum Siding
Exterior Description: Brick
Parking Type: Surface
Parking Description: New parking lot added 2019.
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Zoning Description: R6 Multifamily
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,411 101,267 199,350
Median Age: 37.65 38.34 37.37
Households: 3,045 40,979 80,088
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