Incredible Old Louisville 8 Unit

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30868297
Property Subtypes: High-Rise
Status: Pending/Contingent
Number of Units: 8 Units
Building Size (RSF): 6,520 SF
Gross Building Area: See Agent
Sale Price: $765,000
Unit Price: $95,625 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/3/2024

Overview / Comments

Prime Old Louisville 8-Unit Investment Opportunity!! Discover the allure of historic Old Louisville with this incredible investment property, perfectly poised for a condo conversion. Immerse yourself in the timeless charm of this well-maintained building boasting original mantels, recently refinished hardwood floors, and long-term ownership and self-management. This property offers an eclectic mix of units to cater to various lifestyles, including two 2-bedroom, 1-bath apartments, five 1-bedroom apartments with a dining room area and 1 bath, and one spacious 3-bedroom apartment with a living room, dining room area and 1 bath. Each unit is individually metered, ensuring tenants bear their utility expenses, and all apartments are equipped with dishwashers, pantries, and spacious closets. The building provides dedicated parking for residents and convenient coin-operated laundry facilities in the basement.
Location Highlights: Embrace the charm of Old Louisville, a historic gem known for its architectural splendor. Perfect for UofL students, this property is situated close to UofL Cardinal Towne, providing easy access to campus, while Churchill Downs and downtown Louisville are just minutes away. Enjoy hassle-free commuting with swift access to I-65. Unlock the potential for higher rent revenue with this strategically located property. Its diverse unit mix and desirable location make it an appealing investment opportunity. Don't miss out on this rare investment opportunity in the heart of Old Louisville. Whether you're an experienced investor or looking to start your real estate portfolio, this property holds the key to potential success. Act now to secure your future in this historic and vibrant community.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 033B01590000
Zoning: TNZD - Traditional Neighborhood Zoning District
Percent Occupied: 100%
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1900
Roof Type: Other
Construction/Siding: HardiePlank Siding
Parking Type: Surface
Total Parking Spaces: 8
Laundry: Shared
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Central
Fuel: Gas
Air Conditioning: Window Unit, Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,355 146,556 317,968
Median Age: 32.56 35.11 36.74
Households: 12,387 63,607 136,387

Contact

Photograph of Listing Agent

John Rendeiro

Semonin REALTORS KCREA Member
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