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

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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


Photograph of Listing Agent

Ashley Quinlan

Spire 67 KCREA Member
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