Trust Realty USA
Listed by Trust Realty USA
$1,250,000
4th Street Old Louisville 9 Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,104
Units 9
Cap Rate 5.56%
NOI $69,500
Occupancy 89%
Price per SqFt $124
Year Built 1890
Year Renovated 2020
Buildings 1
Stories 3
Multifamily | 9 Units | $138,889/unit
Marketing description
This prime 9 unit multi-family apartment building is well-located in Old Louisville, and has been recently renovated and restored. In addition to 9 units (all but one are currently rented), there are four private parking spaces & 5 separate garages (can be rented for extra income). Onsite coin laundry also increases the overall NOI. Tenants pay their own electric, and pro-rata share of water consumption (as per lease). Once the leases begin to expire, there is a chance to increase the rent to market rate and raise the cap rate!
Listing Contacts
Trust Realty USA
Listed by Trust Realty USA
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,500.00
$5,791.67/mo
Valuation Metrics
0
DSCR
5.56%
Cap Rate
5.56%
ROI
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