5104-07 Malibu

Multi-Family for Sale
Catylist Listing ID: 30842964
Property Subtypes: Low-Rise/Garden
Number of Units: 16 Units
Building Size (RSF): 10,200 SF
Gross Land Area: 0.88 Acres
Sale Price: $1,176,000
Unit Price: $73,500 Per Unit
Property Use Type: Investment
Building Name: Malibu
Usable Size (USF): 10,200 SF
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 95
Last Updated: 2/6/2024

Overview / Comments

8 x 2 bedroom units in 5104 PLUS 8x1 bedroom units in 5105 2 story adjacent to Water and gas paid by owner. FRM for 1 bed is $1077. FMR for 2 bedroom is $1301 Can be combined with 1730 Tempest, 1724 Tempest, 1721, Tempest for 47 total doors. This has one water meter shared with 5104-06 and 5105-07. There are 4 listed addresses, but two buildings

Financials

Finance Data Year 2022
Tax Value Land $128,000
Tax Value Improvements $712,010
Assessed Value - Total($) $841,410 (Annual)
Potential Rental Income $69,204 (Annual)
Gross Operating Income $141,550 (Annual)
Net Operating Income $121,839 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville
Tax ID/APN: 131800230000
Zoning: R-7 - Residential Multi-Family District
Percent Occupied: 100%
Property Located Between: Shively and PRP
Highway Access: 264
Airports: Louisville
Site Description: 2 buildings built in 1972 .3 acres open land could be improved
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1972
Construction/Siding: Brick/Aluminum Siding
Exterior Description: Brick
Parking Type: Surface
Parking Description: Rear parking
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Zoning Description: R7
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,640 105,791 217,329
Median Age: 38.33 37.87 36.65
Households: 6,215 42,788 88,970

Contact

Photograph of Listing Agent

Adam Borders

KW Commercial KCREA Member
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