Commercial Listing

For Sale

10 Unit Apartment in off Bardstown Rd

2118 Old Shepherdsville Rd, Louisville, KY 40218
$650,000

Exceptional opportunity for the savvy multifamily investor! Located at 2118 Old Shepherdsville Road, this 5, 008-square-foot, 10-unit property is offered at an attractive price of $65, 000 per unit. Built in 1998 and zoned C-1, the property offers significant potential for rental growth and value-add improvements. As an additional incentive, the seller is willing to provide a credit at closing for six new mini-split heating and cooling systems, subject to the terms of an accepted purchase agreement. The property’s convenient location provides easy access to I-264 and major Louisville corridors, connecting residents to employment centers, shopping, dining, and everyday services. This is an excellent opportunity to acquire a well-located multifamily asset at a competitive basis. Pro forma financial information is available upon request.

Highlights:
• - 5,008 SF, 10-unit multifamily property
• - Built in 1998, zoned C1
• - Asking price of $650,000
• - Attractive price of $65,000 per unit
• - Seller credit for six new mini-split systems in addition to the 4 new units recently installed.
• - Value-add and rental-growth potential
• - Convenient access to I-264 and major Louisville corridors
• - Pro forma financial information available upon request

Property type
Multifamily
Building size
5,008 SF GBA
Lot size
0.282 acres
Year built
1998
Floors
1
Zoning
C1
Cap rate
13.72%