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1225 S 6th St
Louisville, KY 40203
The Flats on Sixth · Multifamily Property For Sale
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16 Units
Investment Highlights
- $110K NOI at 94.5% occupancy | 7.35% cap (7.58% normalized)
- Recent capex: Main HVAC 2023, plumbing lines 2024-2025 | 19 off-street parking spaces | Opportunity Zone eligible
- Revenue grew 68% since 2021 ($105K - $177K) | Repositioning complete — this is stabilized income, not a project
Property Facts
| No. Units | 16 | Building Size | 7,167 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | C | Parking Ratio | 2.65/1,000 SF |
| Lot Size | 0.28 AC | ||
| Zoning | TNZD-TRADI - Traditional Neighborhood Zoning District | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 7,167 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 2.65/1,000 SF |
| Zoning | TNZD-TRADI - Traditional Neighborhood Zoning District |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Furnished Units Available
- Wi-Fi
- Bicycle Storage
- Car Charging Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $875.50 | - |
| 1+1 | 8 | $1,057 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $915,250 | |
| Land Assessment | $84,750 | Total Assessment | $1,000,000 |
Property Taxes
Parcel Numbers
Land Assessment
$84,750
Improvements Assessment
$915,250
Total Assessment
$1,000,000
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