Apartment Complex Community - First Time on the Market

Multi-Family for Sale
Catylist Listing ID: 30836074
Property Subtypes: Low-Rise/Garden
Number of Units: 71 Units
Building Size (RSF): 67,040 SF
Gross Building Area: See Agent
Gross Land Area: 1.95 Acres
Sale Price: $5,979,000
Unit Price: $84,211.27 Per Unit
Property Use Type: Investment
Building Name: San Jose Apartment Community
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 97
Last Updated: 3/23/2023

Overview / Comments

First Time on the Market! The San Jose Court Apartment Community is a 71 unit interior corridor unit entry complex located in Shively, just .5 miles from the I-264 & Dixie Highway interchange. There are 2 buildings with 36 - two bedroom units with 950+- sf and 35 - one bedroom units with 850 +- sf. The complex was built in 1973 with numerous updates between 2006 and 2017 including new roof in 2010. Offers laundry facilities and picnic area.

Addresses include 1822 San Jose Avenue and 1842 San Jose Avenue. 1842 San Jose has .3087 acres of land.

Zoning is C-2 and R-5


Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 109301630000
Zoning: C-2 - Commercial District
Percent Occupied: 97%
Community Amenities: On-Site Maintenance
Property Located Between: HIllside Drive and Dixie Highway
Highway Access: I-264
Total Number of Buildings: 2
Number of Stories: 3
Year Built: 1973
Year Renovated: 2010
Parking Type: Surface
Total Parking Spaces: 119
Laundry: Shared
Zoning Description: C-2 and R-5

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,492 112,086 233,277
Median Age: 38.7 37.39 36.6
Households: 6,050 45,538 96,611
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