709 South 3rd Street

Louisville, KY 40202

Listing ID: 196675
$8,500,000
For Sale
  • Property Type Multifamily
  • Lot Size Acres 0.000
  • Building Sq Ft 130,000
  • Building Price per Sq Ft $65.38
  • Land Price per Sq Ft $65.38
709 South 3rd Street - main image
709 South 3rd Street - alt image 2
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Description

This ten story, 130,000 square foot, WG Building (also known as the Weissinger Gaulbert Apartments) is a 96 unit apartment complex, with ground floor retail spaces on the corner of Third and Broadway in Louisville, Kentucky.

The property owner has recently made several capital improvements such as a new boiler and domestic hot water heater, electronic door locks on all units, updated lighting and ceiling fans, transforming the tenant mix and increased the total occupancy rate.

There are Airbnb operator leases in place due to the highly desirable location near community attractions and in place zoning.

This is a great opportunity to acquire a stable, well-managed asset, with upside, in a desirable location while containing a diverse mix of quality tenants.

Contact the property representative for more information.

Attachments & Files
Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population17,072117,108259,892
Population Median Age393638
Population by Age0-9 Yrs2062 (12%)14567 (12%)31819 (12%)
10-19 Yrs1434 (8%)14531 (12%)31584 (12%)
20-29 Yrs3008 (17%)22657 (19%)43455 (16%)
30-39 Yrs2554 (14%)16727 (14%)35561 (13%)
40-49 Yrs1865 (10%)13369 (11%)30769 (11%)
50-59 Yrs2436 (14%)15185 (12%)35419 (13%)
60-69 Yrs2173 (12%)11635 (9%)29106 (11%)
70+ Yrs1539 (9%)8436 (7%)22179 (8%)
Median HH Income$16,074$31,857$38,276
Total Household Income< 24K5488 (64%)20437 (41%)37272 (34%)
25-49K1824 (21%)12947 (26%)29223 (26%)
50-74K519 (6%)6729 (13%)17040 (15%)
75-99K299 (3%)3770 (7%)9651 (8%)
100-199K320 (3%)4436 (9%)12218 (11%)
200K+71 (0%)841 (1%)3211 (2%)
Highest Education LevelNo Diploma22361184824633
Diploma or GED36662297451234
Some College35121864041372
Assoc. Degree753433511389
Bachelors Degree10791050426581
Higher Degree949794020136
Total Housing Units10,53759,966128,361
--Owner-Occupied86217,79750,707
--Renter-Occupied7,65931,36157,907
Owner-Occupied Values< 100K399806520514
100-199K245592816703
200-299K10821886286
300-399K365303005
400-499K264531612
500K+476342587
Total Working Age Population14,22095,468210,789
In Work Force6,98357,627132,495
Not In Work Force7,23637,84178,294
Workforce Employed5,93551,972120,861
Workforce Unemployed1,0495,58611,522
Civlian Workforce6,98357,559132,383
Military Workforce068112
Total Households8,52149,159108,614
Family Households2,39321,53454,184
Non-Family Households6,12727,62454,430
Married Couple66610,00129,227
Other Family1,72811,53424,957
Married w/Child1353,0289,446
Single Male w/Child971,1452,254
Single Female w/Child1,2365,56211,204

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Indiana6,080,485+76,483,802+46,738,573+47,014,880
Floyd County70,823+574,578+678,826+381,345
Clark County96,472+14110,232+9119,944+8129,070
Kentucky4,041,769+74,339,367+44,533,464+44,726,382
Jefferson County693,604+7741,096+7790,010+6837,477

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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