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: 11/17/2020

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

View FullscreenMap

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.