Old Louisville Renovated 6 - Plex

Multi-Family for Sale
Catylist Listing ID: 30540808
Property Subtypes: Mid-Rise
Number of Units: 6 Units
Building Size (RSF): 5,235 SF
Sale Price: $625,000
Unit Price: $104,166.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/26/2020

Overview / Comments

Attention Investors ! ! This Circa 1880 Victorian in the heart of Old Louisville offers 5235 Sq. Ft. of living space graciously divided into 6 fully renovated apartments. All units have recently been renovated with new electrical, kitchens and baths. You will find maple kitchen cabinetry, granite countertops, fully equipped kitchens with new appliances including dishwashers, refrigerators, gas cooktops and ovens. The bathrooms have all been renovated too and shine with tile flooring and tub and shower surrounds in white subway tile with accents. Beautiful Oak & Pine wood flooring throughout most of the units along with some exposed brick accent walls. Spacious well laid out units are easy to rent and with all the renovations are drawing higher end tenants. The oversized entry foyer houses a stacking coin operated wash and dryer for the convenience to tenants adding additional revenue to the building. There is a full basement for additional storage along with off Street parking for 4-6 cars off the rear alley. The layout offers 2 units on the 1st floor, 3 units on the 2nd floor and a beautiful light filled unit on the 3rd floor with open floor plan and great new bath with double vanities. The original sweeping staircase is in tact along with a gorgeous natural fireplace mantel in the foyer. See attached rent roll for income and expenses.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Metro Louisville
Tax ID/APN: 032E00550000
Zoning: TNZD - Traditional Neighborhood Zoning District
Percent Occupied: 83%
Community Amenities: Restaurant(s), Tennis Courts, Play Ground
Property Located Between: Park Ave and Magnolia Ave on East Side of S 3rd on Millionaires Row
Highway Access: I-65, I-64, I-71,
Airports: Louisville International Airport
Site Description: 40' X 190'
Area Description: Beautiful Historic Area surrounded by Victorian Mansions.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1880
Year Renovated: 2018
Roof Type: Other
Construction/Siding: Brick, Stone
Parking Type: Surface, Other
Parking Description: 4+ off street space of rear alley. Street Parking available too.
Total Parking Spaces: 6
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Window Unit
Internet Access: Cable
Zoning Description: T N Z D Zoning (Traditional Neighborhood Zone District)
Lot Frontage: 40'
Lot Depth: 190'
Water Service: Municipal
Sewer Type: Municipal, Storm
Easements Description: None known
Land Ownership: Fee Simple
Legal Description: Block 32E Lot 0055 Deeb book 10938 Page 509

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,349 148,655 315,237
Median Age: 32.36 35.29 36.73
Households: 10,954 64,505 135,463


Photograph of Listing Agent

Michael Mawood

RE/MAX 100 KCREA Member
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