1455 S 3rd St, Louisville, KY 40208 | MLS# 1699548

Description

16 Unit ”Old Louisville” – Trophy Asset – Investment Opportunity!! CAP RATE = 7.6%
Refinished hardwood floors, long-term ownership / self-managed. The building consists of: 14 (1 bedroom – 1 bath apartments) & 2 (Studio apartments). All 16 units are individually metered, tenants pay all utilities, updated double pane windows, window units, updated panel boxes and furnaces. Very large basement with laundry hook-ups & 16 storage lockers for additional revenue possibilities.
This building has a desirable location – excellent for your UofL student. The building is located in the heart of Old Louisville, close to UofL Cardinal Towne, minutes to Churchill Downs, Downtown and easy convenient access to I-65. Excellent opportunity for higher rent revenue. Any questions contact agent. ” Roof ~ 12 years
” Refinished hardwood floors
” Updated double pane windows
” 16 Separate water heaters
” 16 Separate furnaces, window units
” 16 Storage unit spaces in basement
” Laundry hookups in basement
” Water bill prorated back to tenants
” Self-managed property
” Tenants pay electric/gas
” Apt types: (14 – 1 bed, 2 – studios)