Catylist ID:
#30859777
Value Add Eight Unit Multifamily Property
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: | 30859777 |
| Property Subtypes: | Low-Rise/Garden |
| Status: | Pending |
| Number of Units: | 8 Units |
| Building Size (RSF): | 6,790 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $360,000 |
| Unit Price: | $45,000 Per Unit |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 10/30/2023 |
Overview / Comments
|
This eight 2BR/1BA unit property is located in a high rental-demand area of South Louisville. The building was recently damaged by a fire, and is currently totally vacant. There is varying amount of work needed in each unit to make them rent-ready, with some requiring a lighter amount of repairs and some requiring full rebuilds. Once the improvements are complete, an investor should have the opportunity to re-lease the property at mid to high $900's/mo rent. Highlights include: > Eight 2BR/1BA units > Washer/Dryer hookups > Separately metered for LGE > Ample off-street parking > Opportunity to add-value to a totally vacant, fire-damaged property Seller will separate the deed for 2512 Pennacook from 2518 Pennacook. They are currently on one water meter that will also need to be separated. |
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 102700740000 |
| Zoning: | C-1 - Commercial District |
| In Flood Plain?: | Yes |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,601 | 109,472 | 212,596 |
| Median Age: | 37.74 | 37.28 | 37.04 |
| Households: | 3,886 | 44,535 | 85,924 |
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