Mansion and office rentals
Multi-Family
for Sale
| Catylist Listing ID: |
30798187 |
| Property Subtypes: |
Mixed Use
|
| Number of Units: |
18 Units |
| Building Size (RSF): |
12,086 SF |
| Gross Building Area: |
21,095 SF |
| Gross Land Area: |
0.92 Acres
|
| Sale Price: |
$2,595,000 |
| Unit Price: |
$144,166.67 Per Unit |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.0% |
| Average Occupancy Rate: |
95 |
| Last Updated: |
9/9/2023 |
Overview / Comments
|
Incredible Victorian mansion with office building. Long term tenants including a new government 20 year lease. 3 apartments, parking and commercial income. Property includes multiple buildings and parking for 50 plus cars with alley access or from Second street. Rental income has great upside. Additional carriage house space that can be finished out as studio with apartments or two additional apartments. Mansion can be used as incredible home, event space or bed and breakfast. It includes commercial catering kitchen with beautiful granite work space. The mansion includes 6 bedrooms, large assembly rooms formal living, parlor and dining room. The entrance foyer is spectacular and opens to beautiful open staircase to access the second and third floors. Stained, and leaded glass windows, ornate woodwork moldings and working pocket doors. The mansion has been lovingly restored to its original beauty by the current long term owners. Adjoing office building tenants enter through the front door with lobby or through the rear courtyard. Commercial tenet leases the basement and garage spaces.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
032E00560000 |
| Zoning: |
TNZD - Traditional Neighborhood Zoning District |
| Property Located Between: |
Magnolia and Ormsby on Third Street |
| Highway Access: |
Easy from I-65 |
| Airports: |
Louisville Inyrernational Airport |
| Site Description: |
1347 (.2183) and 1355 (.3675) S Third compromised of four buildings and parking lots 1354 (.1891) + 1356 (.142) South Second for 50 parking spaces. Well maintained and landscaped. Paved parking areas |
| Area Description: |
historic Old Louisville are with direct access to downtown business, entertainment and restaurant area. |
| Total Number of Buildings: |
4 |
| Number of Stories: |
3 |
| Year Built: |
1899 |
| Year Renovated: |
2021 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Exterior Description: |
Brick and stone |
| Parking Ratio: |
2.8 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Paved parking lot access from second street or alley and designated parking in paved lot behind buildings |
| Total Parking Spaces: |
50 |
| Sprinklers: |
None |
| Heat Type: |
Hot Water, Steam |
| Heat Source: |
Central |
| Air Conditioning: |
Evaporative Cooler, Window Unit |
| Internet Access: |
Cable |
| Interior Description: |
Commercial offices and restored victorian mansion |
| Zoning Description: |
TNZD, traditional neighborhood with grand fathered commercial offices |
| Lot Frontage: |
132 |
| Lot Depth: |
183 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Partnership |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
25,275 |
147,539 |
317,542 |
| Median Age: |
32.32 |
35.26 |
36.69 |
| Households: |
11,420 |
63,983 |
136,333 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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