9 Unit Multifamily Property

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30798108
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 9 Units
Building Size (RSF): 4,478 SF
Gross Building Area: See Agent
Sale Price: $575,000
Unit Price: $63,888.89 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/21/2022

Overview / Comments

This nine unit mulitfamily opportunity is located in Buechel in very close proximity to the GE Appliance Park. The property consists of eight 1BR/1BA units and one large studio unit.

The location is a high demand area for workforce housing and rents are currently well below market. The nearby GE Appliance Park is undergoing massive investment with over 1,000 new jobs.

Professional management is in place, and exterior entrances to units create limited common area maintenance. Louisville is experiencing high occupancy and excellent rent growth in the workforce housing space, and this asset is well situated for future income growth.

Please fill out the confidentiality agreement in the marketing package attached for more information

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 202700410000
Zoning: R-5A - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,366 120,976 279,939
Median Age: 39.36 38.3 38.79
Households: 2,480 51,750 121,439
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