Fully Renovated Duplex on S Shelby St!

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30318894
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 2 Units
Building Size (RSF): 1,435 SF
Gross Building Area: See Agent
Gross Land Area: 3,751 SF
Sale Price: $175,000
Unit Price: $87,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/13/2018

Overview / Comments

The ownership has just completed a total renovation of this duplex on S Shelby St. It is an exciting time to invest in the area as new loft projects, music venues, farmers markets and restaurant are all being delivered or under construction within a mile. This block has tremendous walk-ability to restaurants and other amenities and is only a few minute drive from downtown and the Highlands.

The duplex is equipped with 2 units- (1) 1 bed unit and (1) 2 bed unit. The projected income is:
1 bed - $9,000 annually ($750/month)
2 bed - $11,700 annually ($975/month)
$20,700 Annual Total Rent

Ownership is happy to deliver the units fully rented at closing or an owner occupant can purchase it, live in one unit and rent out the other. The ownership just spent $40,000 on the property. Improvements include:
New siding
New roof
New HVAC in 2 bed unit
New landscaping + back yard overhaul w/ concrete patio and deck
New kitchens in both units
New appliances
New Fixtures throughout
New flooring in kitchens and paint throughout

Please call agent for additional information. Agent does have ownership interest in property.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 023B00710000
Zoning: U-N - Urban Neighborhood District
Community Amenities: Restaurant(s), Tennis Courts
Highway Access: Very close to I-65
Total Number of Buildings: 1
Property Condition: Excellent
Year Built: 1900
Year Renovated: 2018
Construction/Siding: Vinyl Siding
Parking Description: 2 parks off-street as well as on-street parking
Heat Type: Electricity
Heat Source: Central
Zoning Description: Urban Neighborhood

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,946 146,162 328,053
Median Age: 36.25 35.72 36.97
Households: 12,776 65,280 141,889


© Copyright 2001-2018 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.