Catylist ID:
#30823802
| 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: | $3,295,000 |
| Unit Price: | $164,750 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: | 5/20/2023 |
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 5-6 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 |
Attachments & Media
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 |
| Tax ID/APN: | 015GSROW0000 |
| 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 |
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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