Fully Occupied 7-plex in Shelby Park
Multi-Family
for Sale
| Catylist Listing ID: |
30866616 |
| Property Subtypes: |
Low-Rise/Garden, Other
|
| Number of Units: |
7 Units |
| Building Size (RSF): |
4,688 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$435,000 |
| Unit Price: |
$62,142.86 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/11/2024 |
Overview / Comments
|
Check out this fully occupied and updated cash flowing 7 Plex. This building has been significantly renovated over the past several years with five units rehabbed and rented out to Veterans using the metro section 8 voucher program. The C2 zoning allows for a great deal of flexibility with this building for opportunities for short term rentals, retail, office space or continued multifamily housing. 2024 voucher increases are a plus for this building and opportunity to rehab and increase rents for several more units. Located in the up and coming area of Shelby Park, this multifamily is a perfect addition to an existing portfolio or a great way to start to build a portfolio. Property Professionally managed. Current rent roll is $6,000/month. Property has electric water heater paid by owner. All units metered out for electric. Owner replaced five HVAC's in 2023. Rent Roll and financials available upon request.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
023D00350000 |
| Zoning: |
C-2 - Commercial District |
| Percent Occupied: |
100% |
| Construction/Siding: |
Vinyl Siding |
| Parking Description: |
Street Parking |
| Heat Type: |
Natural Gas, Other |
| Heat Source: |
Heat Pump, Other |
| Fuel: |
Gas |
| Air Conditioning: |
Other |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
25,886 |
146,223 |
323,386 |
| Median Age: |
34.89 |
35.41 |
36.82 |
| Households: |
12,425 |
65,023 |
139,281 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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