Residential Portfolio Near UofL

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30769238
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 8,075 SF
Gross Building Area: See Agent
Sale Price: $930,000
Unit Price: $232,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/25/2021

Overview / Comments

A well-maintained portfolio of single-family and duplex rental homes available as a package or individually.

1801/1803 S. 3rd St.
This duplex is currently rented for $5,500 ($2,750 each side). Both units include spacious first floor living space, half bath, and large kitchen that open to a courtyard with direct access to a two-car garage. The units' mirrored floor plans have 3 beds/1 bath on the second floor and 2 beds/1 bath on the third floor. The property, a stone's throw to UofL's campus, received a new roof, split system HVAC, and two hot water heaters in 2017. Tenants pay utilities. Property includes a two 2-car garages that can be rented for additional income.

2526 S. 4th St.
This well positioned 5 bed/2 bath single-family is rented for $1,800/m. The home faces an upscale student housing development and is within walking distance of UofL’s campus, fitness centers, and numerous bars/restaurants. The first floor has an open kitchen/living space that leads to the home’s backyard, a full bath, and one bedroom in the rear of the home. The remaining four bedrooms, second bath, and bonus storage room are located on the second floor. The property underwent extensive renovations in 2015 that included new electrical wiring, plumbing, roof, and siding. Tenants pay utilities. **Some bedrooms may not be to code.**

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 033E00110000
Zoning: R-1 - Residential Single Family District
Percent Occupied: 100%
Property Condition: Fair
Laundry: In Each Unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,784 147,165 308,143
Median Age: 30.79 35.37 36.71
Households: 10,055 63,760 132,515
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