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: 12/30/2021

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


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

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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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