Investment Opportunity Awaits

Multi-Family for Sale
Catylist Listing ID: 30458923
Number of Units: 2 Units
Building Size (RSF): 3,984 SF
Gross Building Area: See Agent
Sale Price: $60,000
Unit Price: $30,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2019

Overview / Comments

Owners have used this two story building as a Club and separate 2nd floor living quarters. The first floor is currently set up with a wet bar, 3 rest rooms, kitchen, open dance floor space plus two additional open spaces. The second floor was previously used as a 3 bedroom apartment with 2 baths. (current use is storage) This is building is priced to sale. The list price is lower than its current tax assessment, and its recent appraisal. The owners are extremely motivated and want to see your reasonable offer. Per the appraiser C1 is the zoning, in the National Register Historic District of Russell. and the traditional neighborhood is in an enterprise zone which offers tax incentives, It offers a variety of commercial, multi-family, mixed-use, predominantly modest residential, special purpose and older historic properties and some newer homes have been constructed in the area. Call today to schedule your personal showing and submit your REASONABLE OFFER!!. 504-508 S. 20th Street also available (currently used a parking) **BUYER TO VERIFY ALL UTILITIES, MECHANICS, NATIONAL REGISTER HISTORIC DISTRICT OF RUSSELL, ENTERPRISE ZONE, AND SQFT**

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 002K00590000
Zoning: C-1 - Commercial District
Property Located Between: W. Muhammad Ali and Chestnut Streets
Area Description: BUILDING SITS IN THE MIDDLE OF THE UP AND COMING RUSSELL DEVELOPMENT
Property Condition: Poor
Number of Stories: 2
Year Built: 1880
Roof Type: Other
Construction/Siding: Brick/Vinyl Siding, Brick/Aluminum Siding, Wood Frame
Parking Description: 504-508 S. 20th Street available to purchase (currently used as parking)
Sprinklers: None
Legal Description: DEED BOOK 5078, DEED PAGE 0958, PARCEL # 002K00590000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,549 126,955 275,655
Median Age: 31.59 35.24 36.52
Households: 7,897 53,467 118,594

Contact

Photograph of Listing Agent

Kimberly Sickles

Sickles Inc.Realty KCREA Member
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