Ashley Pointe Apartments

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30184830
Property Subtypes: Low-Rise/Garden
Status: Pending
Number of Units: 24 Units
Building Size (RSF): 17,200 SF
Gross Building Area: See Agent
Gross Land Area: 3 Acres
Sale Price: $825,000
Unit Price: $34,375 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.27%
Last Updated: 2/15/2018

Overview / Comments

Ashley Pointe is a 24-unit apartment property. The units and office are included in 3 buildings on 3.02 acres. Parking for 44 cars. Originally built in 1995, the owner has been renovating the property interiors and exterior including a new roof. The property is a Low Income Tax Credit Development and subject to LIHTC restrictions. There are 1, 2, and 3 bedroom units and a manager's office which includes laundry.

Additional Details

Nearest MSA: Elizabethtown-Fort Knox
County: Hardin
Zoning: R-6
Site Description: Superb location in Elizabethtown off of Mulberry Street. The property sits between the Etown CBD and I-65 with schools, shopping and entertainment nearby.
Total Number of Buildings: 3
Year Built: 1995
Parking Type: Surface
Total Parking Spaces: 44
Zoning Description: Residential/Multi-family district

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,557 25,037 42,792
Median Age: 37.98 36.34 37.3
Households: 2,965 10,630 17,129


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