Old Louisville 6-Plex
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30803412 |
| Property Subtypes: |
Mid-Rise
|
| Status: |
Pending/Contingent |
| Number of Units: |
6 Units |
| Building Size (RSF): |
4,662 SF |
| Gross Building Area: |
6,202 SF |
| Gross Land Area: |
2,766 SF
|
| Sale Price: |
$385,000 |
| Unit Price: |
$64,166.67 Per Unit |
| Property Use Type: |
Net Leased Investment (NNN) |
| Building Name: |
None |
| Usable Size (USF): |
5,362 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
6/29/2022 |
Overview / Comments
|
This architecturally gorgeous Old Louisville circa 1890 Victorian is home to 6 rental units and is has approximately 4662 Sq. Ft. above grade and 1540 Sq. Ft. below grade with side street level entrance to the lower level. This beautiful grand building is in a stellar Old Louisville location at the corner of South 4th & Hill Streets. Unit #1 is the entire 1st floor of the home and consists of living & dining rooms, 1 bedroom, an eat-in kitchen and a full bath. Unit #2 is a light filled 1-bedroom unit located in the front of the 2nd floor offering an open living room/eat-in kitchen concept with built in shelving and exposed brick accent wall along with a private bedroom & full bath. Unit #3, located in the rear of the 2nd floor is a studio apartment with separate kitchen & bath. Unit #4 is a 1-bedroom unit and is located in the front of the 3rd floor and consists of a living room, eat-in kitchen, bedroom & full bath. Unit #5 is a 1-bedroom located in the rear of the 3rd floor and offers living room, bedroom, eat-in kitchen and full bath. This unit has angular vaults and a sky light in the kitchen. Unit #6 (B-1) is in the lower level and offers a living room, small kitchen, bedroom & full bath. (There is an additional unit in the lower level known as Unit #7 (B-2) that has not been leased in a while as the bathroom to this unit is in the foyer of the 1st floor) Unit #1 is currently occupied by the seller of the property and she has requested 60-90 days to vacate her unit after closing to ensure that she is able to purchase & close on a single-family home to move to. The property is not separately metered and the seller pays all utilities including Gas/Electric/Water/Sewer. The 12-month average for LG&E is $733.42 per mo. & the average Water/Sewer is $188.68 per month. The seller does not prorate any utility expenses on to tenants. Close proximity to down town business district, U of L, all interstates and the Muhamad Ali International Airport.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Taxing Authority: |
Louisville Metro |
| Tax ID/APN: |
033A00760000 |
| Zoning: |
TNZD - Traditional Neighborhood Zoning District |
| Percent Occupied: |
100% |
| Property Located Between: |
Corner of S. 4th St. & Hill St. in Historic Old Louisville |
| Highway Access: |
I-65, I-64, I-264, I-71 |
| Airports: |
Muhammad Ali International Airport |
| Site Description: |
Corner Lot in Landmarks Preservation District. Beautiful Victorian Architecture |
| Area Description: |
Beautiful Victorian Neighborhood Just South of Downtown Louisville |
| Total Number of Buildings: |
1 |
| Property Condition: |
Average |
| Number of Stories: |
3 |
| Year Built: |
1890 |
| Roof Type: |
Other |
| Construction/Siding: |
Brick, Stone, Wood Frame |
| Exterior Description: |
Beautiful circa 1890 Victorian Architecture with ornate detailed facade. |
| Parking Type: |
Surface |
| Parking Description: |
On Street Parking Only |
| Laundry: |
Shared |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas, Space Heaters |
| Heat Source: |
Central, Other |
| Fuel: |
Gas |
| Air Conditioning: |
Window Unit |
| Internet Access: |
Cable |
| Interior Description: |
Lots of original character from the 1890's including original fireplace mantels, moldings, hardwood floors. |
| Zoning Description: |
TNZD Traditional Neighborhood Zone District |
| Lot Frontage: |
25' |
| Lot Depth: |
110' |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal, Storm |
| Easements Description: |
None to knowledge. |
| Land Ownership: |
Owned |
| Legal Description: |
Parcel ID 033A00760000 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
21,580 |
147,291 |
308,770 |
| Median Age: |
33.07 |
35.29 |
36.81 |
| Households: |
9,961 |
63,577 |
132,805 |
|
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