$1,200,000
Louisville, KY 40208
MLS# 1659695
13158 sqft
1 / 13
Property Description
This rare multifamily opportunity is situated on a quiet walking court in Old Louisville, blocks from Manual High School. The property is a purpose built apartment building of 12 large units with a diverse mixture of 1, 2 and 3 BR units with hardwood flooring, some including balconies overlooking the walking court. A large, full lower level was formerly finished and could potentially be converted to another unit for added value. The property is located on the south side of Old Louisville in close proximity to UofL. It has separate gas and electric meters with those utilities paid by the tenants and separate hot water heaters. An investor will enjoy a high demand tenant base, as well as strong intrinsic value of the underlying real estate. > 12 sizable units (10-2BR/1-3BR/ 1-1BR
Details
Maps
None
Current Price: $1,200,000
General Listing Information
Listing Date: 2024-04-16
Listing Price: 1200000
Property Sub Type: Apartment
HOA Y/N: No
Location
Street #: 409
Street: Kensington
St Suffix: Ct
Area: 01-Dtwn Old Louisville/Shively/West Lou
Sub Area: A
County: Jefferson
State/Province: KY
Zip Code: 40208
Deed Bk: 10490
Parcel ID: 033C00920000
Pg #: 0349
Subdivision/Condo: NONE
Block: 033c
Lot: 0092
Directions: 4th Street to Kensington
Geo Lat: 38.225023
Geo Lon: -85.762769
Contract Info
Original List Price: 1200000
Disclosure: No
Property Description
SqFt -Total Finished: 17544
Above Grade Finished: 13158
Below Grade Finished: 4386
Below Grade Unfin: 4386
Sqft - Total Unfin: 4386
SqFt - Source: Other
First Floor Laundry: No
Garage Y/N: No
Basement Y/N: Yes
Total Units: 12
Lot Size Dimensions: 150x59
Lot SF: 0.24
Security Deposit: Yes
Age: 119
Year Built: 1905
Covered Parking: No
Term/Lease: 1
# of Furnaces: 12
# of Water Heaters: 1
Separate Meters: Yes
Sold As-Is: Yes
M Struct Flood Plain: No
Style: Other
Status Change Info
Status: Active
1st Level
Total Units: 12
Property Features
Construction: Brick
Roof: Flat
Exterior: Balcony
Utilities: City Sewer
Heating: # of HVAC Units; Natural Gas
Listing Office: PRG Commercial Property Advisors
Last Updated: April - 29 - 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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