Strong Cash Flow Multifamily For Sale - 3 Units

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30425497
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 3 Units
Building Size (RSF): 3,900 SF
Gross Building Area: See Agent
Gross Land Area: 0.17 Acres
Sale Price: $169,000
Unit Price: $56,333.33 Per Unit
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Vacation Rental Income: Yes
Last Updated: 5/22/2019

Overview / Comments

Outstanding cash flow with this Air BNB 3 unit property! Main structure is set up as a duplex with an owner's unit and an apartment and the carraige house stands separately and included in this sale. Currently set up as an owner occupied multifamily property, with two additional Air BNB income producing apartments. Sellers are willing to include all short term rental furniture in the sale if buyer desires. This property includes an additional lot located adjacent at 2801 Taylor Blvd, which is primarily used for off street parking for the occupants. This property has been registered for short term rentals for 2018 and 2019 and has been tremendously successful with high demand. Located conveniently to Churchill Downs, UofL, Expo Center, and more.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 050E00250000
Zoning: R-6 - Residential Multi-Family District
Airports: Louisville International Airport
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1920
Year Renovated: 2018
Roof Type: Arched
Construction/Siding: Vinyl Siding
Parking Type: Structure, Surface
Parking Description: Off street parking and 1 car garage on site.
Total Parking Spaces: 5
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Engineered System
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,107 145,978 296,907
Median Age: 30.28 35.61 36.85
Households: 6,474 62,991 127,076

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