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: | $750,000 |
| Unit Price: | $187,500 Per Unit |
| Property Use Type: | Investment |
| Building Name: | 1307 Cherokee Rd |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 6/19/2020 |
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 |
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