3220 Commander Dr
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3220 Commander Dr
31 Unit Apartment Building $5,617,315 CAD ($181,204 CAD/Unit) 6.10% Cap Rate Louisville, KY 40220
Executive Summary
A very rare find. 31 units in 4 buildings built between 2006-2013. 29 units are 2 bedroom - 2 bathroom units, 1 unit is a two bedroom, 1 bathroom unit, and one efficiency or office. All units have washer and dryer hookups. Located just south of I-264 in a very convenient and desirable area. This location is very convenient for all shopping and commerce. The occupancy stays at or near 100% due to its features and overall condition. This property is a unicorn in today's market with plenty of room for rent growth. All units are separately metered for gas and electricity and all units have a separate sub-meter for water, tenant pays all of their utilities.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
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| Other Income |
-
|
-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,617,315 CAD | Apartment Style | Low Rise |
| Price Per Unit | $181,204 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.19 AC |
| Cap Rate | 6.10% | Building Size | 28,293 SF |
| Gross Rent Multiplier | 16.4 | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Price | $5,617,315 CAD |
| Price Per Unit | $181,204 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 16.4 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.19 AC |
| Building Size | 28,293 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2006 |
| Parking Ratio | 1.63/1,000 SF |
Unit Amenities
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 30 | - | 1,100 |
| 1+1.5 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 082Y02550000 | Improvements Assessment | $734,260 CAD |
| Land Assessment | $89,681 CAD | Total Assessment | $823,941 CAD |
PROPERTY TAXES
Parcel Number
082Y02550000
Land Assessment
$89,681 CAD
Improvements Assessment
$734,260 CAD
Total Assessment
$823,941 CAD
zoning
| Zoning Code | R7-RESIDEN (R& general residential multi family.) |
| R7-RESIDEN (R& general residential multi family.) |
-
William Friel -
Weichert Realtors/ABG Realtors
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3220 Commander Dr
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