8 Plex in Shively!!!!!

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30384486
Status: Pending
Number of Units: 8 Units
Building Size (RSF): 4,900 SF
Gross Land Area: 7,490 SF
Sale Price: $355,000
Unit Price: $44,375 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 3/22/2019

Overview / Comments

$5000 PRICE REDUCTION!!!!!!!!! Looking for an amazing income producing 8 plex in Shively, here it is! Tons of updates New Owner just went through and installed all new windows, water proofed the basement, added coin laundry, new sewer line, 4 units have new paint and flooring, 2 units have new stoves and refrigerators. There are 4 2 bed 1 bath units and 4 1 bed 1 bath units #1 $635 #2 $550 #3 $635 #4 $550 #5 $500 #6 $688 (owner pays electric for #6) #7 $575 #8 $500 = $4,633 total monthly rent if fully rented. Currently there is 1 vacancy #7. Owner pays water sewer and trash tenant pays gas and electric. Owner is replacing flat roof portion of building. Shingled roof is approx. 4 years old.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville Metro
Tax ID/APN: 101502300000
Zoning: R-5 - Residential Single Family District
Percent Occupied: 99%
Property Located Between: Garrs and Hillview
Highway Access: Close to Watterson Expressway
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1948
Year Renovated: 2019
Roof Type: Other
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Parking is in the front and side of building
Total Parking Spaces: 8
Sprinklers: None
Heat Type: Natural Gas, Other
Heat Source: Other
Fuel: Gas
Air Conditioning: Window Unit
Interior Description: 2 bed side of the 4 plex has a basement with coin laundry. 1 bedroom side 4 lex does not have a basement.
Zoning Description: R-5
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,541 124,304 252,726
Median Age: 38.98 36.36 36.32
Households: 7,382 50,825 104,759


Photograph of Listing Agent

Heather L Allen

Genesis Realty LLC KCREA Member
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