Updated multi family rental property

Multi-Family for Sale
Catylist Listing ID: 30681561
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 3,928 SF
Gross Building Area: See Agent
Sale Price: $425,000
Unit Price: $141,666.67 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.2%
Average Occupancy Rate: 94
Last Updated: 2/16/2021

Overview / Comments

2829 S 3rd St, 3 UNITS- DUPLEX w/carriage house and 3 car garage
#1 3 bedroom 1 bath 1,529 sq. ft rent $1,500 vacant washer/dryer in unit
#2 4 bedroom 1 bath 1,779 sq. ft rent $1,900 occupied washer/dryer in unit
lease term 7/15/20-7/14/21-$1.900 deposit
#3 1 bedroom 1 bath 620 sq. ft.rent $750 occupied washer/dryer included
lease term 6/1/20-5/31/21-$750 deposit
$39,305.56 NOI
9.2% CAP Rate and it creates $9,629.56 cash flow if financed at 20% down/15 yr AM/at 3.75% HUGE 11.3% Coc return
owner pays water

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 055B00340000
Zoning: R-7 - Residential Multi-Family District
Percent Occupied: 67%
Year Built: 1899
Year Renovated: 2019
Parking Description: 3 car garage and parking in court behind building
Laundry: In Each Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,753 144,275 306,266
Median Age: 32.3 35.79 36.69
Households: 7,107 63,109 131,149

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