Six Unit Apartment Building

Multi-Family for Sale
Catylist Listing ID: 30286086
Property Subtypes: Low-Rise/Garden
Number of Units: 6 Units
Building Size (RSF): 7,488 SF
Gross Building Area: See Agent
Sale Price: $379,000
Unit Price: $63,166.67 Per Unit
Property Use Type: Investment
Building Name: 1805 Bashford Manor Lane
Sale Terms: Cash to Seller
Cap Rate: 7.6%
Average Occupancy Rate: 100
Last Updated: 1/23/2019

Overview / Comments

Prime Investment Opportunity.
Historically stays highly occupied.
3 unit turns in last 2-3 years - including unit transfer. .
New Carpeting in units #4 (Feb 2018) and #6 (June 2017).
Roof less than 7 years.
Coin operated washer/dryer in basement.
Storage units in basement.
Replaced #5 patio door in 2017
Replaced rear steps 2017.
Currently one vacant 1 Bedroom unit moved out November 2018 and is under make ready process.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $4,926 (Annual)
Assessed Value - Total($) $372,000 (Annual)
Potential Rental Income $46,560 (Annual)
Gross Operating Income $44,157 (Annual)
Net Operating Income $29,393 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County , Louisville KY
Tax ID/APN: 087G01590000
Zoning: R-7 - Residential Multi-Family District
Property Located Between: Bardstown Road and Newburg Road
Highway Access: Interstate 264 , Bardstown Road, Newburg
Site Description: Six Unit Apartment Building Two One Bedroom Units Four Six Bedroom Units Onsite Laundry (coin machines)
Area Description: Close to Target, Walmart, Lowes, Kroger, Costco and other shopping and dining.
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Built: 1960
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Surface Lot behind building
Total Parking Spaces: 12
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: 2 one bedroom units on bottom basement level. 4 two bedroom units on second and third floors.
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Unknown
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,843 115,166 312,566
Median Age: 36.7 38.07 37.82
Households: 4,545 51,296 138,914

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