Multi-Family Investment Opportunity - Old Louisville
|Catylist Listing ID:
|Number of Units:
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
||$58,750 Per Unit
|In Opportunity Zone?
|Property Use Type:
||Cash to Seller
Overview / Comments
This 100% occupied 16-plex in Old Louisville is immaculately maintained and stays fully leased with very little turnover. The offering includes 1225 S. 6th St and 1223 S. 6th St, which is the parking lot (19 spaces) for the building. Conveniently located with ease of access to downtown, the property is situated between U of L and Spalding University, with a 1 mile commute to each. Central Park, Buck's, and other popular destinations are also in very close proximity. Eight studio apartments occupy the original building and eight one bedroom units complete the property in the 1973 addition on the back. Coin laundry and secure storage in basement.
Excellent value-add opportunity for the new owner by bringing rents up to market value and implementing lease adjustments.
Contact Listing Agent for financials and additional information about the property.
||TNZD - Traditional Neighborhood Zoning District
|Total Parking Spaces:
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.