Fully Leased Commercial Kitchen/Retail and Three Apartments For Sale

Multi-Family for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30741039
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,860 SF
Gross Building Area: See Agent
Sale Price: $760,000
Unit Price: $190,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/27/2021

Overview / Comments

This 100% occupied, high-visibility property at the corner of Brook and Oak Streets in Old Louisville has been meticulously maintained and updated. The three 2-BR/1-BA apartments have been very nicely turned, and enjoy quality tenants at above market rents. The street-level, fully equipped commercial kitchen/retail space rents for $1,800/month, with about two years left on the lease. It is approximately 1,310 SF. Three off-street parking spots are also included, plus ample street parking.

Property Highlights Include:

> High visibility corner, with proximity to Downtown, U of L, and I-65
> Separately metered 2-BR/1-BA apartments rents are $900, $950, and $1,000
> Fully equipped commercial kitchen/retail space rent is $1,800
> Three off street parking spaces
> Kitchen inventory includes hood, gas range, Vulcan convection ovens, two-compartment fridge, grease trap, triple sink, mop sink, and more...

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 030J01080000
Zoning: TNZD - Traditional Neighborhood Zoning District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,663 146,030 322,587
Median Age: 34.19 35.34 36.75
Households: 13,936 63,868 138,536
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