32 Large, High Quality, Units For Sale in Shelbyville

Multi-Family for Sale
Catylist Listing ID: 30827528
Property Subtypes: Mid-Rise
Number of Units: 32 Units
Building Size (RSF): 33,752 SF
Gross Building Area: See Agent
Sale Price: $2,650,000
Unit Price: $82,812.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/3/2023

Overview / Comments

This well maintained, high quality, 32 unit asset is located in Shelbyvile, KY, the county seat of Shelby County, one of the fastest growing in the state. The property is situated among single family residences in a mature residential neighborhood.

This offering includes three separate brick buildings, each with very large, well maintained units, most of which have been recently renovated including LVP flooring throughout. Some units are two-story, townhome style.

This property is part of a LIHTC program. 75% of the units are to be rented to 60% AMI tenants. It is out if the initial compliance period, rent restrictions end in 2035.

Highlights include:

> Large units - 24 2/1.5's and 8 3/2's with W/D hookups
> 2005 brick construction, most units recently renovated
> Ample off-street parking
> Separately metered - tenants pays LGE, LL pays water
> Well maintained asset in growing location

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Shelby
Tax ID/APN: S3-04-015
Zoning: OTHER

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,004 14,616 23,837
Median Age: 31.46 33.23 36.31
Households: 2,942 5,368 8,832
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