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4329 S 2nd St 10 Unit Apartment Building $599,999 ($60,000/Unit) 9.36% Cap Rate Louisville, KY 40214
Investment Highlights
- Value Add Opportunity
- 100% Occupancy
- Below Market rents
- 8.25% Cap Rate
Executive Summary
Exceptional Value-Add opportunity in Louisville consisting of Two 5-unit buildings adjacent to each other. Each building is 2,300SF (4,600SF in total), built in 1960, boasting a total of 10 units and is zoned R6-RESIDEN. Property is currently 100% occupied, offering immediate income potential and room for growth. The low-rise/garden style of the building provides a desirable living environment for tenants while offering a lucrative opportunity for a savvy investor. Don't miss the chance to add this promising property to your portfolio and capitalize on the upside upon stabilization of these buildings.
Property Facts
| Price | $599,999 | Building Class | C |
| Price Per Unit | $60,000 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 6,900 SF |
| Cap Rate | 9.36% | Average Occupancy | 90% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R6 - Residential | ||
| Price | $599,999 |
| Price Per Unit | $60,000 |
| Sale Type | Investment |
| Cap Rate | 9.36% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 6,900 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | R6 - Residential |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 055K00020000 | Improvements Assessment | $210,000 |
| Land Assessment | $15,000 | Total Assessment | $225,000 |
Property Taxes
Parcel Number
055K00020000
Land Assessment
$15,000
Improvements Assessment
$210,000
Total Assessment
$225,000
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4329 S 2nd St
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