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$ 2,495,000
Est. payment | /mo
28,540 SqFt
$ 2,495,000
Est. payment | /mo
28,540 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 28,540 sqft
Price per Sqft $87
MLS Listing ID 1682158
HOA Y/N No
Abv Grd Liv Area 28,540
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1890
Property Sub-Type Apartment
Property Description
This 20 unit property has undergone substantial renovations in recent years. There is a mix of spacious unit types, including a remarkable 3,300 SF, 4BR penthouse. Nearly all units have been fully turned, and two carriage house units have been completely rebuilt.
Additional infrastructure improvements include plumbing, electrical panels, sewer lines, and exterior. Both the boiler and roof were replaced within the past five years.
The units themselves exude charm and character, while the common areas are bright and welcoming. As a result, the property has attracted some of the highest-quality tenants in the submarket. A buyer will acquire an asset with limited deferred maintenance and a stable tenant base.
Highlights include:
> 20 units: 10 1BR, 7 2BR, 1 4BR and 2 studios > 4 car garage
> Additional laundry revenue
> 17 units boiler/window AC (tenants pay electric), HVAC (tenants pay all LGE) in penthouse and carriage house
Additional infrastructure improvements include plumbing, electrical panels, sewer lines, and exterior. Both the boiler and roof were replaced within the past five years.
The units themselves exude charm and character, while the common areas are bright and welcoming. As a result, the property has attracted some of the highest-quality tenants in the submarket. A buyer will acquire an asset with limited deferred maintenance and a stable tenant base.
Highlights include:
> 20 units: 10 1BR, 7 2BR, 1 4BR and 2 studios > 4 car garage
> Additional laundry revenue
> 17 units boiler/window AC (tenants pay electric), HVAC (tenants pay all LGE) in penthouse and carriage house
Location
State KY
County Jefferson
Direction South from downtown, right on Ormsby
Interior
Heating Forced Air
Exterior
Exterior Feature Balcony
View Y/N No
Roof Type Shingle
Garage No
Building
Structure Type Brick
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Listed by PRG Commercial Property Advisors
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