7-Unit High Income Multi Family Building
Multi-Family
for Sale
| Catylist Listing ID: |
30872544 |
| Property Subtypes: |
Mid-Rise
|
| Number of Units: |
7 Units |
| Building Size (RSF): |
6,048 SF |
| Sale Price: |
$559,000 |
| Unit Price: |
$79,857.14 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
9.6% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
7/16/2024 |
Overview / Comments
|
Outstanding 7-townhome style building in West Louisville, featuring 2 bedrooms and 1 bathroom in each unit. Fully occupied, generating $77,580 in annual rents (rent roll attached) with a Net Operating Income (NOI) of $54,864 over the past 12 months (T-16 attached). The current owner efficiently self-manages the property. Each unit has separate meters for water and utilities, with tenants covering all utility costs. This low-maintenance building has been updated by the owner. An inspection report is available upon request, and many items have been repaired. Photos and videos are available for viewing. Tours are only available after an accepted contract to avoid disturbing tenants. Units can potentially be converted into condos and sold individually post-acquisition.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$5,000 (Annual) |
| Potential Rental Income |
$77,580 (Annual) |
| Net Operating Income |
$54,864 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Zoning: |
U-N - Urban Neighborhood District |
| Percent Occupied: |
100% |
| Property Located Between: |
Bank St and N 31 St |
| Total Number of Buildings: |
1 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1953 |
| Year Renovated: |
2023 |
| Parking Description: |
Street parking |
| Laundry: |
In Each Unit |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Fuel: |
Gas, Electric |
| Air Conditioning: |
Other |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,428 |
104,418 |
238,084 |
| Median Age: |
35.78 |
36.35 |
36.73 |
| Households: |
5,275 |
43,788 |
102,065 |
|
© Copyright 2024 Moody's. All Rights Reserved.
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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