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$ 1,950,000
Est. payment | /mo
28,310 SqFt
$ 1,950,000
Est. payment | /mo
28,310 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 28,310 sqft
Price per Sqft $68
MLS Listing ID 1697419
HOA Y/N No
Abv Grd Liv Area 19,506
Year Built 1947
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 19506
Property Description
This listing includes both 4321 and 4327 Southern Parkway. 4321 is 11 units (seven 1BR/1BA, four studio) and 4327 is 14 units (all 2BR/1BA), for a total of 25.
Located in an excellent section of Southern Parkway, at I264 and minutes from U of L, these properties have undergone extensive renovation and improvement. The seller has updated most of the apartments including kitchens and bathrooms, repaved parking lots, installed mini splits, replaced windows, replaced exterior stairs, insulated the buildings, and more.
The units are a mix of hardwood, LVP, and low-maintenance epoxied concrete floors. They are all separately metered for LGE. There is off street parking and on site laundry (tenants pay a flat fee for laundry access). City trash is included, so there is no dumpster expense. The 4321 roof is approx. 7 years old, and 4327 roof is approx. 10 years old.
These buildings are an excellent opportunity for a buyer to invest in multifamily in an appreciating location. Rents are below market, and there is plenty of room to increase revenue while enjoying the benefit of acquiring extremely well maintained properties.
Located in an excellent section of Southern Parkway, at I264 and minutes from U of L, these properties have undergone extensive renovation and improvement. The seller has updated most of the apartments including kitchens and bathrooms, repaved parking lots, installed mini splits, replaced windows, replaced exterior stairs, insulated the buildings, and more.
The units are a mix of hardwood, LVP, and low-maintenance epoxied concrete floors. They are all separately metered for LGE. There is off street parking and on site laundry (tenants pay a flat fee for laundry access). City trash is included, so there is no dumpster expense. The 4321 roof is approx. 7 years old, and 4327 roof is approx. 10 years old.
These buildings are an excellent opportunity for a buyer to invest in multifamily in an appreciating location. Rents are below market, and there is plenty of room to increase revenue while enjoying the benefit of acquiring extremely well maintained properties.
Location
State KY
County Jefferson
Direction 264 to Southern Pkwy
Interior
Heating MiniSplit/Ductless
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Structure Type Brick
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