18 Units on Southern Parkway

Multi-Family for Sale
Catylist Listing ID: 30818860
Property Subtypes: Low-Rise/Garden
Building Status: Proposed
Number of Units: 18 Units
Building Size (RSF): 13,614 SF
Gross Building Area: See Agent
Gross Land Area: 0.58 Acres
Sale Price: $1,350,000
Unit Price: $75,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/5/2022

Overview / Comments

This well-located 18 unit multifamily property has 6 2BA/1BA and 12 1BA/1BA units. Significant improvements have been made to almost every unit, including LVP flooring, new appliances and cabinets, new bathrooms, etc. A new owner may also be able to add a 19th unit in the lower level.

The Southern Parkway location is ideal, situated among high rent/high price homes, and includes ample off street parking and potential for on-site laundry. The property is close to Iroquois Park, Colonial Gardens, and Iroquois High School.

The property includes one building with 6 units and one building with 12 units on a large lot.

Highlights include:

> 6 2BA/1BA and 12 1BA/1BA units
> Ample off-street parking
> Ideal location minutes from Iroquois Park, Colonial Gardens, and Iroquois High School

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Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 054F00910000
Zoning: R-7 - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,197 107,449 289,137
Median Age: 34.69 36.3 36.73
Households: 9,844 44,189 122,749
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