Catylist ID: #30622653
Fully Leased Multifamily Plus Development Opportunity
Multi-Family for SaleAlso listed as Vacant Land
|Catylist Listing ID:||30622653|
|Number of Units:||See Agent|
|Building Size (RSF):||5,150 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||1.50 Acres|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
PRG is pleased to offer for sale this stabilized, cash flowing six unit property which sits on a large, 1.5 acre, corner lot and comes with shovel-ready, pre-approval for four additional duplexes.
The main building, which has five fully leased and occupied 2BR/1BA units, has a new roof from 2019. There is an additional building, which has another occupied 2BR/1BA unit. Five of the six units have been completely renovated. Total current monthly revenue is $4,325/month.
In addition to the existing structures and ample off-street parking, the seller has plans and approvals to build an additional four 3BR/1.5BA duplexes, creating eight more units on the property, for a total of 14 units.
This Clarksville, IN property has the benefit of being located in a mature, single family neighborhood, and is located minutes from I65 and Downtown Louisville.
<> Six 2BR/1BA occupied units bringing $4,325/month in rent and water reimbursements
<> Large, corner, 1.5 acre lot
<> Ample off street parking
<> Shovel-ready plans to build 8 3BR/1.5BA units for a total of 14 units
<> Tenants pay gas/electric and a portion of water, landlord pays water/sewer remainder
The seller of this property also owns a well-performing 4-plex nearby and would sell that as well. Please ask for details.
|Nearest MSA:||Louisville/Jefferson County|
|Proximity:||1 mile||3 miles||5 miles|
Jenny JohnstonPRG Commercial Property Advisors KCREA Member
Reed B WeinbergPRG Commercial Property Advisors KCREA Member
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