67 UNIT MULTI-FAMILY FOR SALE

Multi-Family for Sale
Catylist Listing ID: 29775701
Property Subtypes: Low-Rise/Garden
Number of Units: 67 Units
Building Size (RSF): 46,710 SF
Gross Land Area: 8 Acres
Sale Price: $2,675,000
Unit Price: $39,925.37 Per Unit
Property Use Type: Investment
Building Name: Brandy Chase Apartments
Sale Terms: Cash to Seller
Cap Rate: 6.7%
Last Updated: 1/29/2018

Overview / Comments

Well kept 2 story units with on-site management office. Concrete driveways and 2 additional lots (approximately 1.6 acres) with property that could be used for expansion. Each lot approved for one 6-plex townhouse. Roofs replaced on all buildings in 2009. TOTAL PRICE REFLECTS 1.6 ACRES FOR EXPANSION.
31 1 BR units and 36 2 BR units.
On site laundry.
An adjacent 2 acre tract available for expansion that is priced separately.

Additional Details

Nearest MSA: Elizabethtown-Fort Knox
County: Hardin
Taxing Authority: Hardin County
Tax ID/APN: 161-30-02-020
Zoning: R-6
Percent Occupied: 92%
Market Type: Medium
Side of Street: North
Road Type: Highway
Highway Access: Good access to Hwy 31W
Site Description: Subject complex located next to Ft Knox Military Base. Fort Knox is a certified Kentucky city, covering 109,054 acres in three Kentucky counties. It is the sixth largest urban community in the Commonwealth of Kentucky with a long and rich history. Fort Knox is adjacent to the city of Radcliff, 15 miles north of Elizabethtown, and approximately 35 miles south of Louisville.
Area Description: Subject complex located next to Ft Knox Military Base. Fort Knox is a certified Kentucky city, covering 109,054 acres in three Kentucky counties. It is the sixth largest urban community in the Commonwealth of Kentucky with a long and rich history. Fort Knox is adjacent to the city of Radcliff, 15 miles north of Elizabethtown, and approximately 35 miles south of Louisville.
Total Number of Buildings: 6
Property Condition: Good
Number of Stories: 2
Construction/Siding: Brick
Exterior Description: 2 story buildings, well maintained, concrete driveway and parking. Complex is very nice and in a park like setting.
Parking Type: Surface
Laundry: Laundromat Nearby
Heat Source: Central
Fuel: Electric
Internet Access: Cable, Satellite
Zoning Description: R-6

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,856 24,344 45,341
Median Age: 32.05 34.1 32.9
Households: 3,571 9,717 16,121
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