2307 W Chestnut St Active Save Request In-Person Tour Request Virtual Tour
Louisville,KY 40211
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 11,866 sqft
Price per Sqft $67
MLS Listing ID 1687905
Style Other
Bedrooms 26
HOA Y/N No
Abv Grd Liv Area 11,866
Year Built 1890
Property Sub-Type Apartment
Source Metro Search (Greater Louisville Association of REALTORS®)
Land Area 11866
Property Description
Scoop up this Fully Leased, 9-Unit Residential Portfolio that exceeds the 1% Rule. Attractively priced under $89k/unit, this package includes 7 SFHs, 1 Duplex and a Vacant Lot. This value-add investment opportunity comes with mostly long-term, M2M tenants at below-market rental rates that provides another investor with a strong basis to incrementally increase rents. Individually combined, these properties are worth an estimated $950k-$1M thus providing instant equity.
This reasonable entry-point provides a solid foundation with stable returns to build upon, regardless if you're a seasoned investor or just entering the market. Don't miss out on this rare chance to acquire a fully rented, income-producing portfolio in a growing market. The 9 doors generate ~$8,381/month: 6216 Hackberry Way: $1,175/mo - tenant M2M since 2008 (3 Bed, 1 Bath, 925 sqft w/ newer roof, cabinets, flooring
2307 W Chestnut St (DUPLEX): $1,689/mo ($989 1st floor section 8; $700 2nd floor)
1414 S Floyd St: $897/mo (Sec 8) - tenant M2M since 2005 (2 Bed, 1 Bath, 810 sqft w/ no central HVAC)
1786 W Gaulbert St: $825/mo - tenant M2M (2 Bed, 1 Bath, 927 sqft w/ newer carpet, updated bath + kitchen, central HVAC, replacement windows)
2107 W Kentucky St: $895/mo (Sec 8) - tenant M2M since 2013 (3 Bed, 1.5 Bath, 1,422 sqft w/ newer roof, central HVAC, 1.5 car garage)
1826 W Hill St: $750/mo - tenant M2M since 1987 (4 Bed, 1 Bath, 1,608 sqft w/ older roof, no central HVAC)
2711 W Market St : $1,350/mo - tenant M2M (4 Bed, 2 Bath, 2,018 sqft w/ space to add 2 more bedrooms upstairs, 2 Car Garage, central HVAC, 2 car garage)
2723 Saint Xavier St: $900/mo - tenant M2M since 2021 (4 Bed, 1 Bath, 1,480 sqft w/ central HVAC, older roof) corner lot that includes 2725 Saint Xavier St (.07 acres)
Owner would entertain selling properties into smaller packages. Most homes have newer windows, some roofs replaced and some have granite countertops. The owner has done a nice job keeping the majority of the homes in average or better condition, and addressing issues when they arise. Scoop up this package today to build your portfolio! Please do not approach properties or contact tenants. Buyer to verify any and all information including but not limited to lot size, square footage, structural, utilities, zoning, comparables, # of beds, # of baths, etc
Location
State KY
County Jefferson
Direction Package includes multiple addresses: 6216 Hackberry Way, 2307 W Chestnut St, 1414 S Floyd St, 1786 W Gaulbert St, 2107 W Kentucky St, 1826 W Hill St, 2711 W Market St, 2723 Saint Xavier St, 2725 Saint Xavier St
Interior
Heating Electric,Forced Air,Natural Gas
Cooling Central Air,Wall/Window Unit(s)
Exterior
Exterior Feature See Remarks
Garage Spaces 3.0
View Y/N No
Roof Type Shingle
Garage Yes
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Vinyl Siding,Other,Brick