Multifamily Opportunity Near Iroquois Park

Expired Multi-Family for Sale
Catylist Listing ID: 30582632
Property Subtypes: Low-Rise/Garden
Number of Units: 11 Units
Building Size (RSF): 6,684 SF
Gross Building Area: See Agent
Sale Price: $489,000
Unit Price: $44,454.55 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2020

Overview / Comments

This 11 unit investment opportunity is in the stable Auburndale neighborhood of South Louisville. It is located less than 1 mile from Iroquois Park in the midst of a strong, desirable commercial corridor. Over the past year, the asset has undergone various upgrades and renovations that include interior renovations, windows, exterior improvements and re-tenanting. The units cater to a strong segment of the rental population seeking well-maintained housing in close proximity to employment centers and walking distance to goods and services. A long-term commercial tenant (hair salon) is located on the first floor.

>> Desirable South-End location minutes from Iroquois Park
>> 11 total units that includes 1 commercial tenant
>> Most units contain updated flooring, kitchens & baths

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 062N02420000
Zoning: R-6 - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,028 76,181 215,181
Median Age: 38.57 36.61 37.17
Households: 5,266 30,942 87,651
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