Great Potential Live/Work or Multi Family

Multi-Family for Sale
Catylist Listing ID: 30843654
Property Subtypes: Duplex/Fourplex, Mixed Use, Other
Number of Units: 5 Units
Building Size (RSF): 4,374 SF
Gross Land Area: 6,608 SF
Sale Price: $119,000
Unit Price: $23,800 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 2431 W Broadway
Usable Size (USF): 4,374 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2023

Overview / Comments

$30,000 Reduction!! Owner leaving town says sell!!! Owner's wife transferred out of state! Blank canvas ready for your innovative renovation. Located on Broadway, within walking distance to all your needs: Norton Hospital, Kroger, Lyles Mall, Restaurants, Banks, Dollar General, Advanced Auto Parts, YMCA, etc. Zoned C-1, currently configured as a storefront business with 2 separate apartments but could be as many as 5 units. Solid construction, 2.5 story brick building with classic concrete fluted columns, with scroll capital, decorative stone lintels, 4 beautiful masonry fireplaces, 12-foot ceilings on main floor, contribute to its classic pedigree. Roof less than 5 years old, fenced property with ample off-street parking in the rear. Great potential for a live/work entrepreneur or savvy investor. Sold as is.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville, Jefferson County
Tax ID/APN: 001GSROW0000
Zoning: C-1 - Commercial District
Property Located Between: Between 24th and 25 Streets on Broadway, on north side of street.
Highway Access: Easy access, located on Broadway, approximately 1 mile to I-64, 22nd Street Exit.
Airports: Louisville International Airport (SDF).
Site Description: Level lot, sidewalk in front, concrete driveway on west side of property, paved parking in rear, fenced property. 30 feet frontage by 173 feet deep.
Area Description: Located on Broadway, within walking distance to all your needs: Norton Hospital, Kroger, Lyles Mall, Restaurants, Banks, Dollar General, Advanced Auto Parts, etc.
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 3
Year Built: 1900
Roof Type: Hip
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Sprinklers: None
Lot Frontage: 30
Lot Depth: 173
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,061 122,592 261,970
Median Age: 33.05 35.09 36.45
Households: 7,840 51,254 112,246

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