Old Louisville/ Historic Millionaire's Row/ 5 Condo's Currently Leased

Multi-Family for Sale
Catylist Listing ID: 30823743
Number of Units: 5 Units
Building Size (RSF): 6,379 SF
Sale Price: $900,000
Unit Price: $180,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/19/2022

Overview / Comments

Gorgeous Renovation! Located on Historic Millionaire's Row in Old Louisville. Condo Regime with 5 units, currently leased for rent. Full bmt w/ storage areas available for rent (not included in current leases). 3 car detached garage currently for lease. New Roof, all units renovated, newer applances in all units! Unit 1 (3 Bdrm/2Bath) rent $1800 /Deposit $1600 . Unit 2A (1 Bdrm/1 Bath) rent $1150/Deposit $1150. Unit 2B (1 Bdrm/1 Bath) rent $1150/deposit $1150. Unit 3A (1 Bdrm/1bath) tenant just moved out , rent was $990. Unit 3B , tenant just moved out, rent was $990. Property management in the process of releasing units. Owner pays water, sewage, trash. Tenants responsible for all other utilities. Parcel # 08-033B-0100-0001, 08-003B-0100-002A, 08-033B-0100-002B, 08-033B-0100-003A, 08-033B-0100-003B . Buyer responsibility to do due diligence for zoning, property condition, lot size, easements and /or encroachments.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 033B01000000
Zoning: TNZD - Traditional Neighborhood Zoning District
Highway Access: I-65
Area Description: Historic Millionaire's Row in Old Louisville
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1898
Year Renovated: 2020
Construction/Siding: Brick/Vinyl Siding
Exterior Description: A majority of new windows, except for front due to asthetics. Recent roof per previous owner, Buyer responsibility to do due diligence for zoning, property condition, lot size, easements and /or encroachments.
Parking Description: 3 Car Detached Garage In Rear or Street Parking
Total Parking Spaces: 3
Laundry: Shared
Heat Type: Natural Gas
Interior Description: Newly Renovated! 5 Units! 4 Units are 1 Bdrm/1 Bath/ 1st Floor is a 3 Bdrm/2 Bath Unit. All new appliances! Buyer responsibility to do due diligence for zoning, property condition, lot size, easements and /or encroachments.
Zoning Description: TNZD
Lot Frontage: 40
Lot Depth: 189
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Buyer responsibility to do due diligence for zoning, property condition, lot size, easements and /or encroachments.
Legal Description: 0.1744 AC+- ES 3RD ST 420 FT N OF BURNETT AVE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,448 150,637 314,740
Median Age: 32.12 35.11 36.68
Households: 11,036 65,023 135,193
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