Listed by Grisanti Group Commercial Real Estate
$698,000
1079 Cherokee Road
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,804
Units 3
Tenancy Multi
Price per SqFt $249
Acreage 0.135
Zoning R5B
Investment Type Value Add
Multifamily | 3 Units
Marketing description
The property consists of three units: Unit 1 features 2 bedrooms and 1 bathroom, Unit 2 offers 1 bedroom and 1 bathroom, and Unit 3 includes 2 bedrooms and 1.5 bathrooms. All three tenants are long-term, month-to-month residents with rents currently below market, providing a value-add opportunity for investors seeking to increase revenue over time. Utilities are landlord-friendly, with LG&E individually metered and water expenses billed back to the tenants.
Investment highlights
- This triplex offers a rare opportunity to own an income-producing property surrounded by the historic homes and tree-lined streets of Cherokee Road.
- Perfect for an individual to live in one unit and rent out the other two.
- Zoned R5B
Listing Contacts
Listed by Grisanti Group Commercial Real Estate
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