Portfolio of 59 Units Apartment Units 100% Occupied

Multi-Family for Sale
Catylist Listing ID: 30724908
Property Subtypes: Low-Rise/Garden
Number of Units: 59 Units
Building Size (RSF): 41,436 SF
Gross Building Area: See Agent
Sale Price: $3,700,000
Unit Price: $62,711.86 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 5/12/2021

Overview / Comments

Don't miss this profitable investment of 59 Apartment Units in the South Louisville area of Kentucky. These apartments have been well maintained by the owner. He has employed a 40 hour a week maintenance person to make upgrades to the property. The apartments are located at three different locations, but they are all within a couple miles of each other. Currently, there is no section 8 government assistance. The Louisville, KY housing market is currently very strong with high average/median sales pricing and historically low inventory, as well.
These units consist of 27- 1 BR units and 32- 2 BR units.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Zoning: R-6 - Residential Multi-Family District
Percent Occupied: 100%
Highway Access: 264
Total Number of Buildings: 8
Number of Stories: 2
Exterior Description: See Pictures
Parking Type: Surface
Zoning Description: Multi Family

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,411 102,283 199,350
Median Age: 37.65 38.35 37.37
Households: 3,045 41,357 80,088
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