48 Unit Apt Complex in Shepherdsville

Multi-Family for Sale
Catylist Listing ID: 30856078
Property Subtypes: Low-Rise/Garden, Mid-Rise, Other
Number of Units: 48 Units
Building Size (RSF): 34,064 SF
Gross Building Area: See Agent
Sale Price: $3,360,000
Unit Price: $70,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2023

Overview / Comments

Listed for sale are these four brick 12-plex buildings in the city of Hebron Estates off of Faro Cir and Scenic Trl at North Preston Highway. All units are one bedroom one bath apartments with stackable washer and dryer hookups. Buildings all include off street parking lot and separate gas and electric meters paid by tenants. Units have gas water heaters and a hydro heating system which is part hydronic and part ducted with central hvac condensers. Building is on septic system and owner pays the water bill while tenants pay their own gas and electric. Market rents for units in this area range from $725-775/month depending on finishes. Building is professionally managed by Property Management of Louisville.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Bullitt
Tax ID/APN: 044-NE0-12-020
Zoning: R3 - Multi-Family Residential, Lower Density
Percent Occupied: 95%
Total Number of Buildings: 4
Number of Stories: 2
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Hot Water, Other
Heat Source: Other
Fuel: Gas
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,585 37,455 88,118
Median Age: 43.61 37.63 36.94
Households: 995 14,019 33,126


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