1221 S 3rd St, 40203 - 12 Plex

Multi-Family for Sale
Catylist Listing ID: 30836190
Property Subtypes: Low-Rise/Garden
Number of Units: 12 Units
Building Size (RSF): 4,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.17 SF
Sale Price: $695,000
Unit Price: $57,916.67 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Town Central Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2023

Overview / Comments

Attention Investors! 1221 South 3rd Street, Louisville, KY offers 12 UNITS - well maintained, separately metered STUDIO APARTMENTS! Each unit has its own furnace, central air, and water heater and many of these mechanicals have been upgraded with new models over the last few years. These studio apartments are good-sized and have an excellent location in HISTORIC OLD LOUISVILLE. Easy to rent, not ever staying vacant for long, this apartment complex makes for an excellent opportunity. Convenient to U of L, the hospital complex, downtown entertainment venues, easy interstate access and everything Old Louisville has to offer! Located between East Oak Street and East Ormsby. This brick apartment building offers paved off-street parking, a major bonus for the area, and is also conveniently located on the bus line. Don't miss out on this chance to own a piece of prime real estate in the heart of the city with top revenue potential!

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 032BSROW0000
Zoning: C-1 - Commercial District
Percent Occupied: 75%
Property Located Between: Between E Oak and E Ormsby
Area Description: Near UofL, 4th Street, Hospitals
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1972
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Paved off street lot
Total Parking Spaces: 12
Laundry: Laundromat Nearby
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Engineered System
Zoning Description: Urban/Planned Area: Traditional Neigh Zoning Dis (TNZD)
Lot Frontage: 40
Lot Depth: 180
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 0.1745 AC +/-, ES 3RD ST

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,097 147,158 317,570
Median Age: 33.01 35.38 36.67
Households: 11,964 63,881 136,482


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