Highlands 8-plex

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30655460
Status: Pending/Contingent
Number of Units: 8 Units
Building Size (RSF): 8,384 SF
Gross Land Area: 0.15 Acres
Sale Price: $999,000
Unit Price: $124,875 Per Unit
Property Use Type: Investment
Usable Size (USF): 8,384 SF
Sale Terms: Cash to Seller
Call for Offers: Yes
Cap Rate: 6.8%
Last Updated: 10/15/2020

Overview / Comments

Income generating investment property in the heart of the Highlands with all of the high dollar improvements already complete. $7640 gross monthly income when fully occupied and separately metered (owner just pays for water). First and second floor each have two 3 bedroom apartments. Third floor has four 1 bedroom/studio apartments. New roof & gutters/downspouts in 2018, new HVAC (4 central air furnace/ac and 4 wall units) in 2018, all new windows in 2020, asphalt in rear parking lot in 2020, new water heater in 2020. Stable investment that rents very easily due to the proximity to entertainment/dining on Bardstown Rd, Bellarmine, UofL, downtown, etc. Great opportunity to invest in multi-family in a great area of Louisville. Call or text agent to schedule your private tour.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 075B00070000
Zoning: OR-1 - Office/Residential District
Property Located Between: Bardstown Rd & Baxter Ave
Property Condition: Good
Number of Stories: 3
Year Built: 1905
Year Renovated: 2018
Roof Type: Hip
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: 6 off street parking spots behind building
Total Parking Spaces: 6
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central, Wall Units
Fuel: Gas
Interior Description: 4 three bedroom apartments + 4 one bedroom/studio apartments
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,902 128,353 320,703
Median Age: 38.08 37.41 37.21
Households: 9,290 59,642 140,785
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