Catylist ID:
#30827528
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 |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Shelby |
| Tax ID/APN: | S3-04-015 |
| Zoning: | OTHER |
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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