Old Louisville 6-Plex

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30803412
Property Subtypes: Mid-Rise
Status: Pending/Contingent
Number of Units: 6 Units
Building Size (RSF): 4,662 SF
Gross Building Area: 6,202 SF
Gross Land Area: 2,766 SF
Sale Price: $385,000
Unit Price: $64,166.67 Per Unit
Property Use Type: Net Leased Investment (NNN)
Building Name: None
Usable Size (USF): 5,362 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/29/2022

Overview / Comments

This architecturally gorgeous Old Louisville circa 1890 Victorian is home to 6 rental units and is has approximately 4662 Sq. Ft. above grade and 1540 Sq. Ft. below grade with side street level entrance to the lower level. This beautiful grand building is in a stellar Old Louisville location at the corner of South 4th & Hill Streets. Unit #1 is the entire 1st floor of the home and consists of living & dining rooms, 1 bedroom, an eat-in kitchen and a full bath. Unit #2 is a light filled 1-bedroom unit located in the front of the 2nd floor offering an open living room/eat-in kitchen concept with built in shelving and exposed brick accent wall along with a private bedroom & full bath. Unit #3, located in the rear of the 2nd floor is a studio apartment with separate kitchen & bath. Unit #4 is a 1-bedroom unit and is located in the front of the 3rd floor and consists of a living room, eat-in kitchen, bedroom & full bath. Unit #5 is a 1-bedroom located in the rear of the 3rd floor and offers living room, bedroom, eat-in kitchen and full bath. This unit has angular vaults and a sky light in the kitchen. Unit #6 (B-1) is in the lower level and offers a living room, small kitchen, bedroom & full bath. (There is an additional unit in the lower level known as Unit #7 (B-2) that has not been leased in a while as the bathroom to this unit is in the foyer of the 1st floor) Unit #1 is currently occupied by the seller of the property and she has requested 60-90 days to vacate her unit after closing to ensure that she is able to purchase & close on a single-family home to move to. The property is not separately metered and the seller pays all utilities including Gas/Electric/Water/Sewer. The 12-month average for LG&E is $733.42 per mo. & the average Water/Sewer is $188.68 per month. The seller does not prorate any utility expenses on to tenants. Close proximity to down town business district, U of L, all interstates and the Muhamad Ali International Airport.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville Metro
Tax ID/APN: 033A00760000
Zoning: TNZD - Traditional Neighborhood Zoning District
Percent Occupied: 100%
Property Located Between: Corner of S. 4th St. & Hill St. in Historic Old Louisville
Highway Access: I-65, I-64, I-264, I-71
Airports: Muhammad Ali International Airport
Site Description: Corner Lot in Landmarks Preservation District. Beautiful Victorian Architecture
Area Description: Beautiful Victorian Neighborhood Just South of Downtown Louisville
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 3
Year Built: 1890
Roof Type: Other
Construction/Siding: Brick, Stone, Wood Frame
Exterior Description: Beautiful circa 1890 Victorian Architecture with ornate detailed facade.
Parking Type: Surface
Parking Description: On Street Parking Only
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas, Space Heaters
Heat Source: Central, Other
Fuel: Gas
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Lots of original character from the 1890's including original fireplace mantels, moldings, hardwood floors.
Zoning Description: TNZD Traditional Neighborhood Zone District
Lot Frontage: 25'
Lot Depth: 110'
Water Service: Municipal
Sewer Type: Municipal, Storm
Easements Description: None to knowledge.
Land Ownership: Owned
Legal Description: Parcel ID 033A00760000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,580 147,291 308,770
Median Age: 33.07 35.29 36.81
Households: 9,961 63,577 132,805

Contact

Photograph of Listing Agent

Michael Mawood

RE/MAX 100 KCREA Member
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