1345 S 3rd St
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1345 S 3rd St
6 Unit Apartment Building $699,900 ($116,650/Unit) 7.94% Cap Rate Louisville, KY 40208
Investment Highlights
- Beautiful Historic Building in Old Louisville
Executive Summary
Wonderfully renovated 6-unit apartment building.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $699,900 | Apartment Style | Low Rise |
| Price Per Unit | $116,650 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 7.94% | Building Size | 5,000 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1880/2018 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Price | $699,900 |
| Price Per Unit | $116,650 |
| Sale Type | Investment |
| Cap Rate | 7.94% |
| Sale Conditions | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1880/2018 |
| Parking Ratio | 0.8/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Range
- Porch
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
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Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 032E00550000 | Total Assessment | $420,640 |
| Land Assessment | $100,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $320,640 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
032E00550000
Land Assessment
$100,000
Improvements Assessment
$320,640
Total Assessment
$420,640
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | TNZD (Traditional Neighborhood Zone District Located in the Old Louisville Designated Landmarks District) |
| TNZD (Traditional Neighborhood Zone District Located in the Old Louisville Designated Landmarks District) |
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1345 S 3rd St
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