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Appleton 1224 Cherokee Rd 6 Unit Apartment Building $1,000,000 ($166,667/Unit) Louisville, KY 40204
Executive Summary
PRIME REAL ESTATE ALERT: Six massive, built-as units on Cherokee Road in the coveted Cherokee Triangle! The Appleton Apartments offer an incredibly rare, generational acquisition opportunity in one of the city's highest-appreciating sub-markets.Value-Add Potential: Four vacant on-site garages ready to rent for instant upside.Premium Layouts: Huge 2BR/1BA and 3BR/1BA units packed with historic charm. Low Owner Expenses: Separately metered for LG&E.Tenant Amenities: Rear egress to a shared back yard, plus select in-unit laundry hookups. Turnkey potential for institutional portfolios or private wealth builders. Act fast—this sub-market rarely opens up!
Property Facts Under Contract
| Price | $1,000,000 | Building Class | C |
| Price Per Unit | $166,667 | Lot Size | 0.03 AC |
| Sale Type | Investment | Building Size | 8,550 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Longest Ave |
| Zoning | R7-RESIDEN - Residential MultiFamily District | ||
| Price | $1,000,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 8,550 SF |
| No. Stories | 3 |
| Year Built | 1950 |
| Parking Ratio | 0.82/1,000 SF |
| Cross Streets | Longest Ave |
| Zoning | R7-RESIDEN - Residential MultiFamily District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+0 | 6 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 075E01280000 | Improvements Assessment | $0 |
| Land Assessment | $48,320 | Total Assessment | $48,320 |
Property Taxes
Parcel Number
075E01280000
Land Assessment
$48,320
Improvements Assessment
$0
Total Assessment
$48,320
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Appleton | 1224 Cherokee Rd