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1337 S 4th St
Louisville, KY 40208
Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- Prime multifamily investment opportunity boasting high occupancy in the heart of Old Louisville, one of the largest historic districts in the country.
- With surrounding brick buildings and a sense of historic charm, this property provides residents with stunning views and a unique living experience.
- Property features four private parking spaces and five separate garages that can be rented for additional income; eight of nine units are rented.
- Centrally located adjacent to Downtown Louisville and renowned landmarks such as the nearby Churchill Downs and the Kentucky Exposition Center.
EXECUTIVE SUMMARY
Hoagland Commercial is pleased to present this fully renovated, 9-unit multifamily property in the heart of Old Louisville. Current ownership has renovated all of the units, as well as a wide swathe of long-term Cap-Ex items, including but not limited to the roof, mechanicals, and meters. Located directly across the street from Central Park, this unique offering provides an investor the opportunity to purchase a cash-flowing asset that sits on an irreplaceable site within an historic neighborhood.
The property has on-site parking and laundry, as well as large exterior storage units that can be rented separately, providing additional income opportunities for an investor to capitalize on. The units are a mix of 1-br and 2-br units.
Tenants are responsible for their own electricity, while water consumption is divided based on a pro-rata share as per lease agreements.
Please reach out today with any questions.
The property has on-site parking and laundry, as well as large exterior storage units that can be rented separately, providing additional income opportunities for an investor to capitalize on. The units are a mix of 1-br and 2-br units.
Tenants are responsible for their own electricity, while water consumption is divided based on a pro-rata share as per lease agreements.
Please reach out today with any questions.
PROPERTY FACTS
| Price Per Unit | $183,585 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.79% | Building Size | 8,932 SF |
| No. Units | 9 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1890/2020 |
| Apartment Style | Low-Rise | Parking Ratio | 0.45/1,000 SF |
| Zoning | C-1 - Commercial District | ||
| Price Per Unit | $183,585 CAD |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 8,932 SF |
| Average Occupancy | 89% |
| No. Stories | 3 |
| Year Built/Renovated | 1890/2020 |
| Parking Ratio | 0.45/1,000 SF |
| Zoning | C-1 - Commercial District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Security System
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Security System
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | 400 |
| 1+1 | 4 | - | 500 |
| 2+1 | 3 | - | 700 |
PROPERTY TAXES
| Parcel Number | 032E00170000 | Improvements Assessment | $855,747 CAD |
| Land Assessment | $141,010 CAD | Total Assessment | $996,757 CAD |
PROPERTY TAXES
Parcel Number
032E00170000
Land Assessment
$141,010 CAD
Improvements Assessment
$855,747 CAD
Total Assessment
$996,757 CAD
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