6 Plex Apartment Building

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30773411
Property Subtypes: Mid-Rise, Other
Status: Pending/Contingent
Number of Units: 6 Units
Building Size (RSF): 4,536 SF
Gross Land Area: 0.37 Acres
Sale Price: $425,000
Unit Price: $70,833.33 Per Unit
Property Use Type: Investment
Usable Size (USF): 4,536 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Gross Rent Multiplier: 3,090
Last Updated: 11/20/2021

Overview / Comments

Great opportunity to own a fully rented income producing property. All six units are rented some with long time renters in place. Common hallway entry and all six units are 1 bedroom with walk in closets and dining areas, laundry hookups and each has LG&E metered separately . Current owner has kept the rents low to retain the renters but a new owner could raise the rents to market price to produce even more income. Roof is approx. 10 years old. Building currently produces $3090 per month.

Financials

Finance Data Year 2021
Assessed Value - Total($) $207,900 (Annual)
Potential Rental Income $44,400 (Annual)
Gross Operating Income $37,089 (Annual)
Net Operating Income $35,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Metro Louisville
Tax ID/APN: 092912120000
Zoning: R-6 - Residential Multi-Family District
Percent Occupied: 100%
Property Located Between: Bluelick and Southpark Road
Highway Access: I-65 Minutes away.
Airports: Louisville International
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1980
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Paved Parking Lot
Total Parking Spaces: 10
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Interior Description: (6 Units) each 1 bedroom and 1 full bath. Nice sized Livingroom and kitchen with dining area. walk in closet.
Zoning Description: Multi Family
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,757 68,236 179,271
Median Age: 36.29 36.66 36.63
Households: 3,868 26,641 71,130

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