Michael Edward & Cynthia 12 Plex

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30229877
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 12 Units
Building Size (RSF): 10,800 SF
Gross Building Area: See Agent
Gross Land Area: 0.87 Acres
Sale Price: $765,000
Unit Price: $63,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 3/29/2018

Overview / Comments

12 units in two buildings.
Fully leased, rare vacancies.
Well maintained by meticulous owner.
Many Cap Ex projects completed.
Very little deferred maintenance.
First sale in 10 yrs.
Gross Rents - $97,048 (3y avg)
NOI - $70,356 (3y avg)

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 188310190000
Zoning: R-7 - Residential Multi-Family District
Percent Occupied: 100%
Total Number of Buildings: 2
Number of Stories: 2
Parking Type: Surface
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,113 84,696 187,224
Median Age: 36.42 38.72 39.28
Households: 6,085 34,034 77,976


Photograph of Listing Agent

Geoff Wilkinson

KW Commercial KCREA Member
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