$435,000
Louisville, KY 40203
MLS# 1653753
4688 sqft
1 / 6
Property Description
Check out this updated cash flowing 7 Plex with $6,000/month of rental income. This building has been significantly renovated over the past several years with five units rehabbed and rented out to Veterans using the metro section 8 voucher program. The C2 zoning allows for a great deal of flexibility with this building for opportunities for short term rentals, retail, office space or continued multifamily housing. 2024 voucher increases are a plus for this building and opportunity to rehab and increase rents for several more units. Located in the up and coming area of Shelby Park, this multifamily is a perfect addition to an existing portfolio or a great way to start to build a portfolio. Property Professionally managed.
Details
Maps
None
Current Price: $435,000
General Listing Information
Listing Date: 2024-02-01
Listing Price: 435000
Property Sub Type: Apartment
HOA Y/N: No
Location
Street #: 1279
St Dir: S
Street: Preston
St Suffix: St
Area: 02-Butchertwn/Hghlnds/Germantwn
Sub Area: A
County: Jefferson
State/Province: KY
Zip Code: 40203
Deed Bk: 12003
Parcel ID: 023D00350000
Pg #: 417
Subdivision/Condo: NONE
Block: 023D
Lot: 0035
Directions: Take St Catherine W off I-65 S. Turn right onto St Catherine. Turn left onto S First. Left onto E Oak St. Right onto S Preston. Property is on the left.
Geo Lat: 38.231155
Geo Lon: -85.749592
Contract Info
Original List Price: 470000
Disclosure: No
Property Description
SqFt -Total Finished: 4688
Above Grade Finished: 4688
SqFt - Source: Other
First Floor Laundry: No
Garage Y/N: No
Basement Y/N: No
Total Units: 7
Security Deposit: 2270
Age: 134
Year Built: 1890
Covered Parking: Yes
Term/Lease: 12 Month
# of Furnaces: 1
# of Water Heaters: 1
Separate Meters: Yes
Sold As-Is: Yes
M Struct Flood Plain: No
Style: Select One
Status Change Info
Status: Active
1st Level
Total Units: 6
2nd Level
Total Units: 1
Property Features
Construction: Vinyl
Roof: Shingle
Owner Pays: Gas
Exterior: None
Utilities: City Sewer; City Water
Heating: Electric; Forced Air; Natural Gas; Heat Pump; MiniSplit/Ductless
Cooling: Central Air
Supplements
Current rent roll is $5,000/month with gross potential after renting last unit increases to $5,925/month. Property has electric water heater paid by owner. All units metered out for electric. Rent Roll and financials available upon request.
Listing Office: PML Real Estate Group LLC
Last Updated: May - 01 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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