17 Units in Downtown!

Multi-Family for Sale
Catylist Listing ID: 30773343
Property Subtypes: Mixed Use
Number of Units: 17 Units
Building Size (RSF): 70,800 SF
Gross Building Area: See Agent
Sale Price: $895,000
Unit Price: $52,647.06 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2021

Overview / Comments

15 apartments and 2 commercial spaces all but 5 apartments are rented out and the 5 that are not need to be renovated. The two commercial spaces are not leased out and they have not tried to lease them out. The commercial spaces are 7,000 sqft total and would go around 2500 a month.
Marble stairs lead to the top of the staircase to the apartments. The commercial space is at the bottom floor.
There is a new roof.
Property manager would like to stay.
895,000 is the bottom dollar we priced it to sell with out lots of back and forth issues.

Additional Details

Nearest MSA: Lexington-Fayette
County: Clark
Tax ID/APN: 054-3209-001-00
Zoning: B2
Property Located Between: Dairy Queen and shops
Highway Access: yes 2 min
Site Description: Downtown living
Area Description: Large building with new roof and commercial space on the bottom
Property Condition: Good
Number of Stories: 4
Construction/Siding: Brick
Parking Type: Other
Parking Description: All tenants park street parking and have no issues or complaints about it this is how all downtown parking is
Laundry: Laundromat Nearby
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central, Wall Units
Fuel: Electric
Air Conditioning: Window Unit, Other
Interior Description: Marble stair case, tiles in hallways
Zoning Description: B2
Legal Description: 15 apartments and 2 commercial spaces

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,516 21,418 27,914
Median Age: 38.94 39.18 39.1
Households: 1,906 8,706 11,257

Contact

Photograph of Listing Agent

Jenny Gregory

EXP Realty LLC KCREA Member
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