Catylist ID:
#30597154
Gorgeous Cherokee Triangle Multifamily Offering
Multi-Family
for Sale
| Catylist Listing ID: | 30597154 |
| Property Subtypes: | Duplex/Fourplex |
| Number of Units: | 4 Units |
| Building Size (RSF): | 4,498 SF |
| Sale Price: | $695,000 |
| Unit Price: | $173,750 Per Unit |
| Property Use Type: | Investment |
| Building Name: | 1307 Cherokee Rd |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/7/2020 |
Overview / Comments
|
This Cherokee Triangle Victorian is perched in a coveted location one door away from Longest Ave. Though it is currently divided into 4 apartments, plus a carriage house apartment, it can easily be converted back to a single family home. Only 2 walls have been added to create the 2nd floor units. The 1st floor unit (1,717 sq. ft.) has a marble entry foyer, beautiful inlaid oak floors, huge custom kitchen, a breakfast room, & an enclosed rear porch. The 2nd floor has two units that total 1,538 sq. ft. unit and the 3rd floor unit is 1,243 sq. ft. As a single family, this would be a 6-7 BR, 5 full BA home. The 2-car garage has a 1-BR apt. unit above. The exterior is painted in a rich green & has its original slate roof. This property is perfect for an owner-occupant, for conversion to a single family or it could be a great long term investment. Current Monthly Rent is as Follows: #1 $1,200 #2 $875 #3 $895 #4 $1,250 Carriage House $1,025 Total Monthly: $5,245 Annual Rent: $62,940 |
Financials
| Finance Data Year | 2020 |
|---|---|
| Gross Operating Income | $62,940 (Annual) |
| Actual or Proforma Year | Actual |
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 075F00990000 |
| Zoning: | R-4 - Residential Single Family District |
| Percent Occupied: | 100% |
| Property Condition: | Good |
| Year Built: | 1910 |
| Year Renovated: | 2004 |
| Roof Type: | Arched |
| Construction/Siding: | Brick |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 16,601 | 128,969 | 316,564 |
| Median Age: | 37.69 | 38 | 37.32 |
| Households: | 8,795 | 60,700 | 139,101 |
| © Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |
