Value Add Multifamily Opportunity on Bardstown Rd.

Multi-Family for Sale
Catylist Listing ID: 30823568
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 2,133 SF
Gross Building Area: See Agent
Sale Price: $550,000
Unit Price: $183,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2022

Overview / Comments

This property is ideally located on Bardstown Rd. in the heart of The Highlands in Louisville. Its C-2 zoning allows for short term rentals without requiring a conditional use permit.

The lot is among the largest on Bardstown Rd., and includes off-street parking as well as a two-car garage. Recent improvements include a totally new roof, gutter repair, and siding repair.

The building consists of:

> Units 1 and 2, 1BR/1BA units that require some finishing
> Unit 3, a finished 2BR/1BA unit that is currently leased on a MTM basis
> An additional bedroom and bathroom that could connect to Unit 3 to turn it into a 3BR/2BA unit

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 075F00050000
Zoning: C-2 - Commercial District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,895 125,624 316,807
Median Age: 38.07 38.2 37.28
Households: 8,346 59,836 139,050
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