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4728 Southern Pky 31 Unit Apartment Building $2,387,000 ($77,000/Unit) 7.19% Cap Rate Louisville, KY 40214
Investment Highlights
- In-Place 7% Cap Rate
- Property Currently 93.5% Occupied
- Pro Forma 8.69% Cap Rate
- Strategic Southern Parkway Location
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,387,000 | Building Class | C |
| Price Per Unit | $77,000 | Lot Size | 0.98 AC |
| Sale Type | Investment | Building Size | 19,675 SF |
| Cap Rate | 7.19% | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.52/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 - Residential | ||
| Price | $2,387,000 |
| Price Per Unit | $77,000 |
| Sale Type | Investment |
| Cap Rate | 7.19% |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 19,675 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | R2 - Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 34 | - | 600 |
1 1
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Numbers | Total Assessment | $1,813,160 (2025) | |
| Land Assessment | $310,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,503,160 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$310,000 (2025)
Improvements Assessment
$1,503,160 (2025)
Total Assessment
$1,813,160 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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4728 Southern Pky
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