16 Plex Near Beechmont

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30716262
Property Subtypes: Mid-Rise
Status: Pending/Contingent
Number of Units: 16 Units
Building Size (RSF): 10,700 SF
Gross Building Area: 10,144 SF
Sale Price: $1,100,000
Unit Price: $68,750 Per Unit
Property Use Type: Investment
Usable Size (USF): 10,100 SF
Sale Terms: Cash to Seller
Cap Rate: 7.4%
Average Occupancy Rate: 100
Last Updated: 6/13/2021

Overview / Comments

This 16 unit apartment complex consists of 4 contiguous buildings located in the desirable Beechmont Neighborhood. Each building is 2 stories with 4 units and a basement which has the mechanicals along with washer and dryer hooks up and locked storage areas for each unit. Each unit is approximately 634 square feet with a living room, kitchen, 2 bedrooms and a full bath. Many of the units have been updated with new flooring and kitchen counters. The roof was replaced approximately 5 years ago and replacement windows done approximately 4 years ago. Forced air gas heat, and central AV. Owner pays trash, water and sewer plus common electric for lights. Tenants pay their own LGE. The units are fully rented except 1, which is being updated and has a tenant scheduled for April 1.

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Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County
Zoning: OTHER
Percent Occupied: 100%
Property Located Between: Corner of Ashland Ave and Southern Pkwy.
Area Description: Beechmont
Total Number of Buildings: 4
Property Condition: Good
Number of Stories: 2
Year Built: 1981
Year Renovated: 2015
Exterior Description: Brick exterior with blacktop parking located behind the buildings.
Parking Ratio: 1.5 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking areas located behind the buildings.
Total Parking Spaces: 24
Heat Source: Central
Fuel: Gas

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,925 111,878 302,304
Median Age: 35.78 36.19 36.69
Households: 7,526 46,442 128,805


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