Millcreek Terrace Apartments

Multi-Family for Sale
Catylist Listing ID: 30025316
Property Subtypes: Low-Rise/Garden
Number of Units: 48 Units
Building Size (RSF): 43,200 SF
Gross Land Area: 2.93 Acres
Sale Price: $2,700,000
Unit Price: $56,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 3/10/2019

Overview / Comments

Well kept 48 unit complex that consists of 24 2 BR 1 !/2 bath units and 24 2 BR 1 Bath units. Complex is conveniently located at Dixie Hwy and I-264. All unit are all electric, Tenant pays electric. Landlord provides water, dumpsters and outdoor security lighting. No pets are allowed.

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Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville Metro
Tax ID/APN: 101504980000
Zoning: R-6 - Residential Multi-Family District
Percent Occupied: 100%
Property Located Between: Dixie Hwt and St. Joseph Ave
Highway Access: Easy access to US Hwy 31W and I 264.
Site Description: Complex consists
Parking Type: Surface
Parking Description: Ample parking in Complex's parking lot.
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Internet Access: Cable, Satellite
Zoning Description: R-6 Multi Family
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,780 126,955 253,824
Median Age: 39.11 36.35 36.48
Households: 7,500 51,888 105,482
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