8500 Standing Oak Dr Louisville, KY 40258

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.