118 W Oak St

Multi-Family for Sale
Catylist Listing ID: 30815117
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 3,910 SF
Gross Building Area: See Agent
Sale Price: $386,500
Unit Price: $193,250 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/7/2022

Overview / Comments

Live/Work Duplex investment opportunity in beautiful Old Louisville! Located on the commercial corridor of Oak Street between first and second, this property features a commercial first floor, currently rented $1250 per month through November 2023. It features a 1 bedroom apartment with a beautiful full bathroom and brand new kitchen. Over $30,000 in upgrades have been made to this apt within the last year. The second floor features a 2-story 3 bed, 2 full bath updated apartment with wood floors and exposed brick throughout. This would be the perfect place to live while you work from the first floor. The previous tenant just vacated and was paying $2850 per month.

Although all Airbnbs (short-term rentals) in Old Louisville require a CUP, this property has a commercial overlay and has had past commercial use, and therefore a strong argument for a permit to make it an Airbnb.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 032B00600000
Zoning: TNZD - Traditional Neighborhood Zoning District
Percent Occupied: 50%
Area Description: Old Louisville
Number of Stories: 3
Year Built: 1900
Construction/Siding: Brick
Laundry: In Each Unit
Heat Type: Natural Gas
Zoning Description: TNZD

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,424 145,594 320,216
Median Age: 34.16 35.39 36.75
Households: 12,787 63,462 137,544

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