Fully Leased 10-Unit Multifamily | 1481 S 2nd St
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Fully Leased 10-Unit Multifamily 1481 S 2nd St
10 Unit Apartment Building $1,403,295 CAD ($140,330 CAD/Unit) 6.78% Cap Rate Louisville, KY 40208
Executive Summary
This 10-unit multifamily property is located within a 4-mile radius of four colleges and universities, making it a highly sought-after investment due to the strong demand for student housing. Meticulously renovated and maintained by the current owners over the past 20 years, it features 7,355 SF of finished living space, along with an additional 2,000 SF of unfinished basement, offering extra storage space.
This is a turn-key investment, ideal for both first-time investors and seasoned professionals looking to expand their portfolio. The current owners are open to staying on to manage the property, ensuring a smooth transition and continued high occupancy. With its prime location, recent upgrades, and established management, this is an opportunity to generate immediate cash flow with minimal hassle.
This is a turn-key investment, ideal for both first-time investors and seasoned professionals looking to expand their portfolio. The current owners are open to staying on to manage the property, ensuring a smooth transition and continued high occupancy. With its prime location, recent upgrades, and established management, this is an opportunity to generate immediate cash flow with minimal hassle.
Property Facts
| Price | $1,403,295 CAD | Apartment Style | Low Rise |
| Price Per Unit | $140,330 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.78% | Building Size | 8,520 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1905 |
| Property Subtype | Apartment |
| Price | $1,403,295 CAD |
| Price Per Unit | $140,330 CAD |
| Sale Type | Investment |
| Cap Rate | 6.78% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 8,520 SF |
| No. Stories | 3 |
| Year Built | 1905 |
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Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 033B02470000 | Improvements Assessment | $694,127 CAD |
| Land Assessment | $126,951 CAD | Total Assessment | $821,079 CAD |
PROPERTY TAXES
Parcel Number
033B02470000
Land Assessment
$126,951 CAD
Improvements Assessment
$694,127 CAD
Total Assessment
$821,079 CAD
zoning
| Zoning Code | TNZD-TRADI |
| TNZD-TRADI |
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Stephanie Gilezan -
Dylan Gilezan -
Gilezan Global Brokered by eXp Commercial
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Fully Leased 10-Unit Multifamily | 1481 S 2nd St
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