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: |
$620,000 |
| Unit Price: |
$51,666.67 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: |
7/19/2024 |
Overview / Comments
|
Calling all investors! 1221 South 3rd Street presents a great opportunity to own this apartment building in the heart of Old Louisville. This brick building boasts 12 studio units, each featuring its own separate furnace and water heater, many of which have been recently upgraded. Situated in historic Old Louisville, residents have easy access to the University of Louisville, the hospital complex, easy interstate access, and the best of the neighborhood's restaurants, shops, and entertainment. Studios are easy to rent and rarely stay vacant, ensuring a steady stream of income. Residents enjoy the benefits of on-site paved off-street parking and easy access to public transportation. Don't miss out on this chance to own a piece of Louisville's thriving rental market! Contact us today to schedule a showing.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
032BSROW0000 |
| Zoning: |
C-1 - Commercial District |
| Percent Occupied: |
100% |
| 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
|
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 |
|
© 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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