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
|
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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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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