8 Plex-"Old Louisville"

Multi-Family for Sale
Catylist Listing ID: 30827997
Property Subtypes: Duplex/Fourplex, Student Housing
Number of Units: 8 Units
Building Size (RSF): 3,073 SF
Gross Building Area: See Agent
Sale Price: $447,500
Unit Price: $55,937.50 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/30/2023

Overview / Comments

This property is located in "OLD LOUISVILLE"!!! The location is just perfect, 1 block from the University of Louisville and Cardinal Towne. A short distance to Churchill Downs, I-65 and the airport. Some of the units have been updated and some are in the process of renovation. Owner is selling the property "as is" but inspections are welcome. All appliances remain with units. Perfect units for University of Louisville students. This is a solid investment to add to your real estate portfolio.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: City of Louisville
Tax ID/APN: 034B00280000
Zoning: TNZD - Traditional Neighborhood Zoning District
Percent Occupied: 70%
Property Located Between: Lee Street & W. Bloom
Airports: Louisville Mohammad Ali International Airport (SDF)
Area Description: Great area in Old Louisville near Cardinal Towne and the University of Louisville.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1900
Construction/Siding: Brick
Exterior Description: All Brick with covered front porch.
Parking Type: Other
Sprinklers: None
Heat Type: Other
Interior Description: Some of the units have been updated recently.
Zoning Description: Traditional Neighborhood Zoning District!! Please see attached map.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 0.0790 AC+ ES FOURTH ST 31 FT S OF LEE ST 31.5 X 109.25

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,359 148,970 304,795
Median Age: 31.87 35.41 36.75
Households: 10,901 64,401 131,203
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