Oak Park Apartments
Multi-Family
for Sale
| Catylist Listing ID: |
30872297 |
| Property Subtypes: |
Low-Rise/Garden
|
| Number of Units: |
18 Units |
| Building Size (RSF): |
12,524 SF |
| Gross Land Area: |
0.57 Acres
|
| Sale Price: |
$1,350,000 |
| Unit Price: |
$75,000 Per Unit |
| Property Use Type: |
Investment |
| Building Name: |
Oak Park Apartments |
| Usable Size (USF): |
12,524 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.52% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
7/24/2024 |
Overview / Comments
Well-positioned working-class apartments consisting of 18 units, 10 one-bedroom and 8 two-bedroom units. The property has undergone many recent updates and is poised for strong growth. New Improvements include windows, sidewalks, staircases, flooring, bathrooms, and kitchens in most units. The roof is 2019. This property is located on the south side of Louisville in a desirable neighborhood known as Pleasure Ridge Park. The area features a vibrant business community and is conveniently located to many of Louisville's industrial and business parks.
One bedroom = 646 sq' / 2 bedroom = 757 sq' approximately.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
111200300000 |
| Zoning: |
C-1 - Commercial District |
| Percent Occupied: |
100% |
| Property Located Between: |
Cofer Ave and Paramount Dr off of Dixie Highway |
| Highway Access: |
easy access to either I-264 or I-265 which lead directly to I-65, I-71 and I-64 |
| Airports: |
Louisville Intl. |
| Site Description: |
Level lot with curb side parking. |
| Area Description: |
Pleasure Ridge Park is a well-established suburb of Louisville with a strong community. |
| Total Number of Buildings: |
2 |
| Property Condition: |
Average |
| Number of Stories: |
2 |
| Year Built: |
1968 |
| Year Renovated: |
2024 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Exterior Description: |
Low-maintenance, two-story, brick veneer building with curbside parking and exterior entrances to all units. |
| Parking Ratio: |
1.3 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Level curbside parking. |
| Total Parking Spaces: |
24 |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Fuel: |
Gas |
| Air Conditioning: |
Package Unit, Window Unit |
| Internet Access: |
Cable |
| Interior Description: |
Most of the 18 units have undergone extensive renovations including flooring, updated baths, and kitchens. The roof id 2019 and all of the windows have been replaced. |
| Zoning Description: |
C-1 is a general commercial zoning. |
| Lot Frontage: |
162 |
| Lot Depth: |
153 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee simple |
| Legal Description: |
111200300000 Parcel ID |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,168 |
81,904 |
168,833 |
| Median Age: |
39.7 |
38.74 |
37.5 |
| Households: |
4,928 |
32,648 |
67,434 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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