4219 W Broadway

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30860761
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Building Status: Proposed
Number of Units: 6 Units
Building Size (RSF): 5,273 SF
Gross Building Area: See Agent
Sale Price: $175,000
Unit Price: $29,166.67 Per Unit
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/16/2024

Overview / Comments

Are you ready to capitalize on a fantastic investment opportunity in Louisville's historic Shawnee neighborhood? Welcome to 4219 W Broadway, a well-located six-plex with a promising future. This property offers six 2-bedroom, 1-bathroom units, and while it's in need of total rehabilitation, its prime location and potential for substantial rental income make it a standout opportunity.

Property Highlights:

Location: Situated less than a block from Shawnee Park and just around the corner from Chickasaw Park, this property enjoys an enviable location with easy access to green spaces and recreational amenities.

Investor's Dream: With a projected rental income of $7,200 per month after rehabilitation, this property presents an excellent cash flow opportunity.
Rehab Potential: The property is in need of a complete rehabilitation, allowing an investor to add significant value and create modern, attractive living spaces for tenants.

Tax Credits: Savvy investors may benefit from Historical Tax Credits and Low-Income Housing Tax Credits, providing financial incentives to help offset the costs of rehabilitation.

Don't miss the chance to be part of the revitalization of the Shawnee neighborhood while securing a solid investment for your portfolio. Contact us today to learn more about this exciting opportunity and start your journey towards a prosperous real estate investment.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 006E00020000
Zoning: R-7 - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,901 85,129 216,991
Median Age: 37.14 35.21 36.06
Households: 6,247 33,442 90,857
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions.