6 Unit Hikes Point Multifamily Opportunity

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30823735
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 6 Units
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Sale Price: $537,000
Unit Price: $89,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/21/2022

Overview / Comments

This quality workforce housing property is comprised of 6 units that are all 2BR/1BA . The property has had updates to all the common areas and three of the units have been renovated. Further upside exists with renovation to the units as they come available to achieve higher rents.

Hikes Point is a very mature, stable submarket of Louisville and boasts attractive area amenities as well as proximity to Louisville's premier suburban medical district.

The Louisville market experiences very high demand for workforce housing due to limited inventory, so investors will continue to enjoy strong occupancy and rent growth with these in

Additional units are available as part of a larger portfolio offering. Inquire with the listing agent for more information.

Link to the confidentiality agreement: https://forms.gle/uN2E5EfETWpMUtfz9

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 091B00030000
Zoning: R-7 - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,503 122,162 295,176
Median Age: 39.88 39.59 39.05
Households: 9,366 54,866 130,496

Contact

Photograph of Listing Agent

Taylor M Thompson

PRG Commercial Property Advisors
KCREA Member
Photograph of Listing Agent

Reed B Weinberg

PRG Commercial Property Advisors
KCREA Member
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