Butchertown/Nulu Investment Property

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30814252
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 3 Units
Building Size (RSF): 2,751 SF
Gross Building Area: 4,963 SF
Gross Land Area: 0.15 Acres
Sale Price: $529,900
Unit Price: $176,633.33 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/13/2022

Overview / Comments

Make the move ''Uptown'' into this Historic revenue producing 2751 square foot Duplex. The duplex contains a ground floor, 1 BR- 1BA unit and a 2BR-1 BA second floor unit. There’s also a 2 BR-2BA unfinished carriage house out back with a 1 car garage, all on a beautifully landscaped lot with wrought iron front fencing. Zoned R-7, this property could accommodate up to 4 units Located only minutes from River Front Park, The Big-4 Pedestrian Bridge, museums, restaurants, NULU, the YUM Center, 4th Street Live, Slugger Stadium, The Lynn Family Soccer Stadium, Botanical Gardens, with easy access to interstates, making this location convenient to not only downtown, but anywhere in Louisville, and Southern Indiana... Nestled in a quiet historic east downtown neighborhood, you will enjoy the best of everything! Tall ceilings and doors, intricate inlaid hardwood floors, stained glass, a winding Victorian staircase, covered porch with balcony, original plaster walls and crown molding, pocket doors, and exposed brick walls. Upon completing the carriage house interior with your custom finishes, (2 BR-2BA units in zip 40206 rent on average for $1939/month, combined with the income generated from the Duplex, (main house), all properties combined should generate approximately $54,500 in annual gross rental income.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 019J00160000
Zoning: R-7 - Residential Multi-Family District
Property Located Between: Story Ave. & Quincy Streets
Airports: 10 Minutes from Louisville International
Site Description: Neighborhood
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1870
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Structure, Other
Parking Description: 1 car garage in carriage house with additional street parking.
Laundry: Shared
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: See Agent description for 1312 Multi-Family Investment property description.
Zoning Description: R-7 Multi-Family
Lot Frontage: 41'
Lot Depth: 150'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,191 118,269 310,789
Median Age: 34.55 36.66 37.68
Households: 3,674 54,115 136,498


Photograph of Listing Agent

Tim C Stephens

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