12 Beds
11 Baths
3,598 SqFt
12 Beds
11 Baths
3,598 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 3,598 sqft
Price per Sqft $175
Subdivision Old Louisville
MLS Listing ID 1688103
Style Traditional
Bedrooms 12
HOA Y/N No
Abv Grd Liv Area 3,598
Year Built 1900
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Apartment
Source Metro Search (Greater Louisville Association of REALTORS®)
Land Area 3598
Property Description
Seize this rare chance to acquire a 5-unit multi-family property with 12 bedrooms and 11 baths, strategically located on S 4th St—the heart of student housing demand. This property is just moments from a prominent local university, ensuring a steady stream of tenants and a robust rental income. With an estimated potential yearly income of approximately $51,000, this is an investment with significant cash flow potential. A full rent roll can be found in the documents.
This property is a fantastic mix of occupied and vacant units, offering an immediate return on investment and a strong opportunity for a new owner to implement strategic renovations and push rents to their full market potential.
Layout & Location... Walkable to Cardinal Boulevard and the core of the university campus, this location is a top choice for students and faculty. The property is designed for efficiency and demand, with the following layout:
First Floor: Three units, each with 1 bathroom.
Second Floor: Three units, each with 1 bathroom.
Third Floor: Two studio units, each with 1 bathroom.
Basement: Four units
Showing & Disclosures
Vacant units and common areas can be shown via ShowingTime. Occupied units require 48 hours' notice. Tenants pay $100/month for electric and $100/month for water.
Disclosure: Property is being sold AS-IS. Buyer to verify all information.
Note: This investor is liquidating their portfolio. Inquire for additional properties in the area. Don't miss this chance to acquire a high-yield asset in a prime location!
Location
State KY
County Jefferson
Direction I65 S to exit 135 (St Catherine W) to S 4th St.
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Porch Deck, Porch
Garage No
Building
Lot Description Sidewalk
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Brick
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "