1224 Cherokee Rd - Apartments FOR SALE


Louisville, KY 40204- Cherokee Triangle
$1,000,000 USD
502-609-4778
1224 Cherokee Rd, Louisville, KY for Sale
$1,000,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1224 Cherokee Rd
Louisville, KY 40204
Cherokee Triangle


OVERVIEW

PRIME REAL ESTATE ALERT: Six massive, built-as units on Cherokee Road in the coveted Cherokee Triangle! The Appleton Apartments offer an incredibly rare, generational acquisition opportunity in one of the city's highest-appreciating sub-markets.Value-Add Potential: Four vacant on-site garages ready to rent for instant upside.Premium Layouts: Huge 2BR/1BA and 3BR/1BA units packed with historic charm. Low Owner Expenses: Separately metered for LG&E.Tenant Amenities: Rear egress to a shared back yard, plus select in-unit laundry hookups. Turnkey potential for institutional portfolios or private wealth builders. Act fast—this sub-market rarely opens up!

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

6

PRICE/UNIT

$166,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Appleton

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

R7-RESIDEN

APN/PARCEL ID

075E01280000

ASK ABOUT THIS PROPERTY

William FrielWeichert Realtors/ABG RealtorsMore Info
502-609-4778

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William FrielWeichert Realtors/ABG RealtorsMore Info
502-609-4778

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.