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1525 Anderson Street, Louisville, KY

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1525 Anderson Street

Louisville, KY 40210 - California MF Submarket

Property Type:Multi-Family Number of Units:9 Status:Existing Year Built:-
Stories:2 Building Size:6,870 SF Land Area:.17 AC (7,405 SF)
For Sale Price:$249,000 Price/Unit:$27,666.67 Cap Rate:9.00 % GRM:-


This is a nine-plex located on the west side of Louisville. It has separate utilities including the water. There are six 2-bedroom 1-bath town home style units and three 1-bedroom 1-bath units, with good long-term tenants.

Sale Notes:
This 9 unit multifamily investment property is a couple of blocks away from the new Wal-Mart to be constructed at Dixie Hwy and Broadway.

There are two buildings on this one corner tract. A 6-unit building with 2 bedroom townhouse units that are separately metered for gas, electric AND water. And a 3-unit building with 1 bedroom units separately metered for electric and gas.

The 2-3 block area has seen many new construction single family homes.
The upcoming construction of the new Wal-Mart and anticipated redevelopment of the surrounding area should provide an opportunity to increase rents moving forward.

PDG Realty
Brian Puryear
(502) 418-5056

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