24 Unit Apt Complex in Shepherdsville

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30865373
Property Subtypes: Low-Rise/Garden, Mid-Rise, Other
Status: Pending/Contingent
Number of Units: 24 Units
Building Size (RSF): 17,000 SF
Gross Building Area: See Agent
Sale Price: $1,600,000
Unit Price: $66,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/19/2024

Overview / Comments

Listed for sale are these two brick 12-plex buildings in the city of Hebron Estates off of Faro Cir 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. Building has a large two car garage currently being used by the owner. 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: 2
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 85,799
Median Age: 43.61 37.63 36.96
Households: 995 14,019 32,287

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