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In-PersonVirtual Tour
$325,000
Est. payment /mo
3,250 SqFt
Open House
Sat Aug 29, 12:00pm - 2:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,250 sqft
Price per Sqft $100
Subdivision Limerick
MLS Listing ID 1727191
HOA Y/N No
Abv Grd Liv Area 3,250
Year Built 1928
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Quadruplex
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 3250
Property Description
Rare VALUE ADD 5 plex opportunity in Old Louisville / Limerick. This building has been professionally managed for decades. It was previously 100% occupied by long term tenants for over three years at $3,875/month combined rents. The current owners decided to vacate the building to allow for the next buyer to lease up at market rates which the current property management company predicts to be a minimum of $850/mth or $4,250 combined. The current owners have replaced the roof and added mini split HVAC systems. 4 of the 5 units have been recently cosmetically renovated. The value add opportunity: separate electric meters. Current owners are in the process of obtaining bids to allow the new owners to easily make this investment into the building. This large, brick and stone building has great bones and spacious, in demand units. Property Mgmt of Louisville is ready to lease up the building for the next owner. Historical rent roll, pro forma financials, and rent comps are available upon request.
Location
State KY
County Jefferson
Direction W Breckenridge St to S 6th St, property on right.
Interior
Heating MiniSplit/Ductless
Cooling Ductless
Exterior
Exterior Feature None
View Y/N No
Roof Type Asphalt,Flat
Garage No
Building
Lot Description Sidewalk
Sewer Public Sewer
Water Public
Structure Type Brick
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Listed by United Real Estate Louisville
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