20-Unit Multifamily Investment Property

Multi-Family for Sale
Catylist Listing ID: 30823802
Property Subtypes: Low-Rise/Garden, Mixed Use
Number of Units: 20 Units
Building Size (RSF): 22,563 SF
Gross Land Area: 13,068 SF
Sale Price: $3,400,000
Unit Price: $170,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: PilotHouse
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/25/2023

Overview / Comments

Newly built 20-unit multifamily investment property. Currenly 7,000 square feet of vacant 1st floor commercial space that could be builtout to include 4-5 more units on the ground level, or commercial retail/office space.

<> Newly Built in 2021
<> Located in an Underserved Sub-Market
<> Very Close Proximity to Downtown Louisville
<> Efficient Layout & Construction Finishes
<> On-Site Parking & Easy Safe Access

Financials

Finance Data Year 2022
Potential Rental Income $396,000 (Annual)
Net Operating Income $257,400 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Submarket Type: Redevelopment District
Zoning: C-2 - Commercial District
Percent Occupied: 95%
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 2021
Parking Type: Surface, Other
Total Parking Spaces: 20
Laundry: In Each Unit
Sprinklers: Wet
Heat Type: Electricity
Zoning Description: Commercial C2 zoning in a TN form district

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,799 133,238 281,163
Median Age: 31.53 35.27 36.59
Households: 6,983 56,623 121,516

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