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: | $675,000 |
Unit Price: | $168,750 Per Unit |
Property Use Type: | Investment |
Building Name: | 1307 Cherokee Rd |
Sale Terms: | Cash to Seller |
Cap Rate: | Undisclosed |
Last Updated: | 2/22/2021 |
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 |
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