Fully Leased Four Plex

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30795173
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 3,430 SF
Gross Building Area: See Agent
Sale Price: $320,000
Unit Price: $80,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/5/2022

Overview / Comments

This South End 4-plex is situated adjacent to UPS, with easy access to Iroquois Park, DeSales High School and I-65.

The building is fully occupied, and each 2BR/1BA unit is occupied includes a washer/dryer hookup and its own HVAC and hot water heater.

Every unit is currently rented for $650/mo., which is well below market rate for a 2BR apartment in the area. Tenants pay their own gas and electric, landlord pays water.

The roof is approx. 3 years old, AC units approx. 4 years old, and water heaters approx. 3 - 4 years old.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 139301390000
Zoning: R-7 - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,459 59,980 199,151
Median Age: 35.78 36.41 36.78
Households: 3,672 24,234 80,704
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