8 Unit Multifamily Offering w/ Value Add

Multi-Family for Sale
Catylist Listing ID: 30713148
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 8 Units
Building Size (RSF): 6,200 SF
Gross Building Area: See Agent
Sale Price: $299,000
Unit Price: $37,375 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/13/2021

Overview / Comments

This 8 unit multifamily offering in south Louisville is a rare opportunity to acquire two four-unit apartment complexes with a strong value add component. Featuring several long term tenants who are well below market rents, a new owner has the opportunity to create value by way of raising rents.

:: $37,375.00 per unit pricing
:: Separately metered for gas & electric
:: 8 1bd/1ba units
:: Average rent only $420/mo
:: 7/8 tenants are MTM

To access property financials, please complete a confidentiality agreement via the link below:

https://forms.gle/Eo5HE8LD5Neuhs9z6

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 053F01340000
Zoning: R-6 - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,342 117,051 279,138
Median Age: 36.05 36.03 36.58
Households: 9,641 48,623 118,385
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