16- Unit Apartment Building - Bldg 2

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30173409
Property Subtypes: Mid-Rise
Status: Pending/Contingent
Number of Units: 16 Units
Building Size (RSF): 16,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.30 Acres
Sale Price: $450,000
Unit Price: $28,125 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Owner Financing
Last Updated: 12/7/2018

Overview / Comments

There are two apartment/motel buildings used for stay and play packages or short term rentals for the golf and boat getaway. Buildings have been recently renovated and consist of a total of 16 fully furnished 2 bedroom motel type rooms and 16 efficiency units within. Each building has approx 10,000 sf of finished space and another 1,500 sf of unfinished storage space. Each building is being sold separately. Speak to Agent about multiple purchases.

Tanglewood Golf Course, located in beautiful Taylorsville, KY (Spencer County) just 1 mile from the Taylorsville Lake and Marina.

Spencer County is one of the fastest growing counties in Kentucky with easy access to major thoroughfares, low crime rate, good schools, and a new large middle school opening soon, just across the street from Tanglewood.

Tanglewood is an 18 hole, par 72 course, 6,457 yards, slope/rating of 121/70.2, designed by Buck Blankenship with challenging lies and stances, opened in 1984.

See listing ID #30137084 for additional adjacent properties for sale.

Potential for owner financing.

The Club House and Condo buildings are zoned B-3.

Only 20 minutes from Louisville, KY at I-265 and only 20 minutes from Shelbyville, KY at I-64.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Spencer
Zoning: B-3 - General Business Zone
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,698 3,622 7,659
Median Age: 35.81 36.79 38.92
Households: 678 1,385 2,827
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.