Germantown leased duplex & proposed 8-plex on permitted lot
Multi-Family
for Sale
| Catylist Listing ID: |
30847109 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
10 Units |
| Building Size (RSF): |
2,385 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
28,672 SF
|
| Sale Price: |
$550,000 |
| Unit Price: |
$55,000 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/27/2023 |
Overview / Comments
|
SHOVEL READY! This property is zoned multi-family and has approved permits to begin construction on 8-plex (all units 3br 2ba) on the back of this lot. The front has an existing fully leased duplex (3 br 1.5 baths) and a garage. Duplex was taken to only 3 exterior walls and completely rebuilt in 2016. Energy efficient with spray foam insulation, modern windows, mini split HVAC, and more. Garage is oversized workshop style with loft storage. Same tenants in duplex for over 6 years and they wish to remain. Duplex currently rents for $1800 each, and garage has rented for $450 a month in the past but currently vacant to allow for construction storage if needed. Duplex tenants are interested in leasing all units in 8-plex after construction complete. Walking distance to ZBar, Sunergos Coffee, Nord's Bakery, UofL, and all of the Germantown restaurants and hot spots. Owner/Agent.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
024DSROW0000|2 |
| Zoning: |
R-6 - Residential Multi-Family District |
| Zoning Description: |
R-6 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
21,112 |
146,050 |
318,354 |
| Median Age: |
33.2 |
35.51 |
36.81 |
| Households: |
9,979 |
64,705 |
137,088 |
|
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