For Sale
$1,600,000

8500 Standing Oak Dr Louisville, KY 40258

16-Unit Apartment Complex, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 16-unit apartment building located at 8500 Standing Oak Dr, Louisville, KY 40258. The property encompasses 13,440 square feet across four, two-story buildings situated on a 1.09-acre lot. Built in 1980, this multifamily complex offers 16 two-bedroom, one-bathroom units, each featuring washer/dryer hookups and central air. Currently, 13 units are occupied, with one vacant unit in each building. Three units require flooring, and two need painting. The property boasts a strong 8.00% capitalization rate and is priced at $1,600,000 ($119.05 per square foot). The seller is offering a negotiable price for a package deal. On-site parking accommodates 8 vehicles. Water and sewer are covered by the owner, while tenants are responsible for electricity, gas, and a portion of trash. The property is zoned for multi-family use and is being sold "AS IS". This presents a compelling opportunity for an investor seeking a value-add property with significant upside potential in a desirable Louisville location.

Highlights

  • Multifamily property.
  • 1.09-acre site.
  • Four two-story buildings.

Property Details for 8500 Standing Oak Dr

Property type
Apartment buildings
Square Feet
13,440 SF
Year Built
1980
Buildings
4
Stories
2
Lot Size (sq. ft)
47,480 SF
Units
16

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.1324041
Longitude
-85.8449752

FAQs

What type of property is this?
Apartment building - 16-Unit Apartment Complex, High Cap Rate
Where is the apartment building located?
The property is located at 8500 Standing Oak Dr Louisville, KY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Multifamily property.; 1.09-acre site.; Four two-story buildings.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8500 Standing Oak Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message