Will Crumbaugh - Commercial Real Estate Showcase

Will Crumbaugh Property Listings
Will Crumbaugh
103 East Main Street
Frankfort, KY 40601
(502) 882-8795

1500 - 1508 2nd Street

Louisville, KY 40208 - Old Louisville MF Submarket

Property Type:Multi-Family Number of Units:12 Status:Existing Year Built:-
Stories:3 Building Size:22,716 SF Land Area:.61 AC (26,572 SF)
For Sale Price:$1,199,000 Price/Unit:$99,916.67 Cap Rate:8.00 % GRM:-

Parking:.88 Parking Spaces / 1,000 SF

Sale Notes:
Great opportunity to purchase an 18 unit apartment building in Old Louisville. This property was built in the 90's making it the newest property built amongst the oldest collection of victorian mansions in the country. It sits within 2 blocks of the University of Louisville making it a prime candidate for student housing. This property was built with LIHTC restrictions that will be fulfilled within a short period of time. There is non recourse Fannie Mae assumable debt on the property that will only require lender approval to assume the debt.

Will Crumbaugh
Will Crumbaugh
(502) 882-8795

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