Multi-family Investment Opportunity

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30458592
Property Subtypes: Low-Rise/Garden, Mid-Rise
Status: Pending/Contingent
Number of Units: 24 Units
Building Size (RSF): 20,580 SF
Gross Land Area: 0.81 SF
Sale Price: $1,173,600
Unit Price: $48,900 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Average Occupancy Rate: 96
Last Updated: 11/18/2019

Overview / Comments

Four buildings totalling 24 2 BR/1BA apartments; central air and heat with most units updated; washer-dryer hookups; 10 parking spots per building; good location; opportunity for increased cash flow with rent increases; priced to sell at $48,900 per door. Seller will divide properties: 8506 and 8508 can be purchased together and 8510 and 8512 can be purchased together.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 143600690000, 143600670000, 143600680000, 143600700000
Zoning: R-7 - Residential Multi-Family District
Percent Occupied: 96%
Property Located Between: Glo Jean Way and Lower Hunters Trace
Site Description: Level lots with surface parking.
Total Number of Buildings: 4
Property Condition: Average
Construction/Siding: Brick
Parking Ratio: 40 (per 1000 SF)
Parking Type: Surface
Parking Description: 10 parking spots per building
Total Parking Spaces: 40
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Package Unit
Zoning Description: R-7
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,257 58,197 139,599
Median Age: 36.9 38.6 37.89
Households: 2,367 23,331 55,799
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