1221 S 3rd St, 40203 - 12 Plex

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30836190
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
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: 4/8/2024

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

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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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