Old Louisville Apartment - 504 W Ormsby Ave
|Catylist Listing ID:
|Number of Units:
|Building Size (RSF):
|Gross Building Area:
||$66,428.57 Per Unit
|Property Use Type:
||Cash to Seller
Overview / Comments
This beautiful 4717 Sq. Ft. Victorian is situated on West Ormsby Ave. between 4th & 6th Streets in Historic Old Louisville and offers 7 rental units with a gross monthly income of $4,684. There is one 2-bedroom, two 1-bedrooms, one efficiency apartment and three studio apartments (2 of which have loft areas). Lots of Old-World charm and character throughout the building including natural woodwork, original staircase, fireplace mantles, leaded and stained-glass windows and door. The roof was completely torn off and replaced in 2021. There are 2 gas furnaces with central air systems (both 2012 Tempstar brand) and 2 gas hot water heaters. The HVAC units heat and cool the 1st & 2nd floor units and the 3rd floor units are heated with gas space heaters and cooled with window AC units. There is a complementary full-size washer & dryer in the 1700 Sq. Ft. basement for all tenants use which could also provide storage. A large yard with off street parking for 4-6 cars is accessed off the rear alley. One of the 3rd floor units has a newer deck off the rear. Per LOJIC maps the lot is approximately 45’ X 225’. Lease terms vary, please see the attached rent roll for more details on rents and security deposits. The monthly average for water/sewer is $285 and the average LG&E runs approximately $800 per month. The property was appraised by Bell Ferris, Inc. in January 2023 for the list price of $465,000.
||TNZD - Traditional Neighborhood Zoning District
|Property Located Between:
||4th and 6th
|Number of Stories:
||Brick, Stone, Wood Frame
|Total Parking Spaces:
||Electricity, Natural Gas, Space Heaters
||Window Unit, Other
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