Berry Boulevard 4-Plex Opportunity

Multi-Family for Sale
Catylist Listing ID: 30328613
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 2,640 SF
Gross Building Area: See Agent
Sale Price: $149,000
Unit Price: $37,250 Per Unit
Property Use Type: Investment
Building Name: Berry Boulevard 4-Plex
Sale Terms: Cash to Seller
Cap Rate: 10.2%
Last Updated: 11/15/2018

Overview / Comments

Four-plex in the Churchill Downs Area. Seller can make this portfolio larger with additional owned rental properties nearby and elsewhere. Located just west of Taylor Boulevard in this popular rental neighborhood. Solid existing rent roll - showings available with accepted offer. Some kitchen appliances provided by landlord. Being offered at a 10.2 CAP rate based on 2017 actual financials, even though 2017 figures include substantial upgrade costs. Many upgrades completed in past 5 years. Don't delay - this will sell quickly.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $843 (Annual)
Net Operating Income $25,316 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Metro Louisville
Tax ID/APN: Block 65A, Lot 93
Zoning: R-6 - Residential Multi-Family District
Area Description: In the popular Churchill Downs Area all near the corner of Berry & Taylor Boulevards convenient to downtown, Churchill Downs, the Fairgrounds and all area interstates to any portion of Metro Louisville.
Total Number of Buildings: 1
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,295 130,051 287,810
Median Age: 34.08 35.83 36.45
Households: 9,650 55,150 122,034

Contact

Gant Hill & Associates, LLC

10300 Linn Station Rd. S-400
Louisville, KY 40223
502-515-4455
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Listing Provided Courtesy of Don Erler Real Estate Broker — 502-592-8858

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.