Old Louisville 12 Unit Multifamily

Multi-Family for Sale
Catylist Listing ID: 30871671
Property Subtypes: Mid-Rise
Number of Units: 12 Units
Building Size (RSF): 13,158 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $100,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/23/2024

Overview / Comments

This rare multifamily opportunity is situated on a quiet walking court in Old Louisville. The property was built as an apartment building with 12 large units with a diverse mixture of 1, 2 and 3 BR units. A large, full lower level was formerly finished and could be converted to another unit for added value.

The property is located on the south side of Old Louisville in close proximity to UofL. It has separate gas and electric meters with those utilities paid by the tenants. An investor will enjoy a high demand tenant base, as well as strong intrinsic value of the underlying real estate.

>> 12 sizable units (10-2BR/1-3BR/ 1-1BR)
>> Separate LG and E
>> Additional unit potential in basement

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 0000SROW0000|229
Zoning: TNZD - Traditional Neighborhood Zoning District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,718 151,187 305,478
Median Age: 31.64 35.43 36.75
Households: 9,484 65,237 131,462
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