Quality Old Louisville Multifamily

Multi-Family for Sale
Catylist Listing ID: 30863564
Property Subtypes: Low-Rise/Garden
Number of Units: 6 Units
Building Size (RSF): 6,276 SF
Gross Building Area: See Agent
Sale Price: $595,000
Unit Price: $99,166.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/11/2024

Overview / Comments

This six unit multifamily asset is located in one of the strongest areas of Old Louisville. Built as an apartment property, the building is easy walking distance to the University of Louisville and is across from the Youth Performing Arts School, Noe Middle School and Manual High School campuses. It has been owned by the same family for multiple generations.

The property contains large 2BR/2 full bath units that are over each 1,000 SF. Each apartment is separately metered for LG&E and contain washer/dryer hookups. This asset is ideal for an investor seeking a high demand tenant base in an architecturally pleasing, historic asset. A buyer can enjoy steady cash flow and upside potential in rents, as well as strong intrinsic value of the underlying real estate.

Highlights include:

> 6 large 2BR/2 Full Bath Units
> Separately Metered Gas & Electric
> Washer/Dryer Hookups in Units
> Steps from UofL and YPAS/Manual

To access financials:
https://connect.prgproperty.com/deal-room/123?signature=20b2b1fd1931f178af60593845229fe3cdf65a7085fcb3f463b8c2ed8f104e30

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 033B00420000
Zoning: R-5A - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,088 149,295 310,674
Median Age: 31.7 35.3 36.78
Households: 10,689 64,752 133,522
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