65 Unit, Audubon Park Multifamily Opportunity

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30523548
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 65 Units
Building Size (RSF): 100,000 SF
Gross Building Area: See Agent
Sale Price: $2,875,000
Unit Price: $44,230.77 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/29/2020

Overview / Comments

This unique multifamily opportunity is located on the edge of Audubon Park. It is comprised of 65 total units spread across 10 different properties on the same street. The brick buildings are well maintained with professional management, and experience historically high occupancy. There is upward mobility in rents. This presents the opportunity for an investor to gain economies of scale in a stable, infill location adjacent to the desirable Audubon Park neighborhood and country club.

:: 10 total properties on one street
:: Abutting excellent neighborhood
:: Located off desirable northern stretch of Poplar Level Rd.
:: Most units separately metered for LG and E

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 084D01950000
Zoning: R-5A - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,121 129,670 325,396
Median Age: 39.26 36.41 36.91
Households: 5,466 58,310 141,693
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