Listed by PDG Realty
$1,575,000
16 Units - Clifton Heights
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,920
Units 16
Price per SqFt $93
Broker Co-Op Yes
Class B
Year Built 1959
Year Renovated Varies
Buildings 2
Stories 2
Zoning R-6
Parking Spaces 30 spaces
Parking Per SqFt 1.77
Investment Type Value Add
Value Add Multifamily in Desirable Area
Marketing description
VALUE ADD DEAL! This 16-unit property of one bedrooms has gross rents of $166,080 annually. Annual gross income can be increased with capital improvements. Electric and gas are separately metered and landlord pays water, sewer & drainage.
Property is located in the desirable area of Brownsboro Road corridor just 3 blocks from Zorn Avenue and adjacent to the historic and charming neighborhood of Riedlonn. Property is also near the entertainment corridor of Frankfort Avenue and Saint Matthews. Similar properties in the area have sold for $125,000 per unit.
Carports and full basement with storage lockers and washer/dryers for resident's use. Also has secure maintenance shop in basement.
Listing Contacts
Listed by PDG Realty
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