12 Beds
6 Baths
5,408 SqFt
12 Beds
6 Baths
5,408 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,408 sqft
Price per Sqft $71
MLS Listing ID 1698438
Style Other
Bedrooms 12
HOA Y/N No
Abv Grd Liv Area 5,408
Year Built 1946
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 5408
Property Description
• Apt 1 - $755
• Apt 2 - $755
• Apt 3 - $850
• Apt 4 - $755
• Apt 5 - $850
• Apt 6 - $850
Total Annual Gross Income: $57,780
Operating expenses are very manageable, with water averaging $300-$400, electric only $60-$70, and dumpster service at $115 monthly. With low overhead and stable tenants already in place, this property offers excellent cash-on-cash returns and immediate income from day one.
Highlights:
• Fully rented - no vacancy worries
• Strong rental demand in the area
• Low operating expenses
• Turnkey investment with This is an ideal opportunity for both new and seasoned investors looking for reliable monthly income and long-term appreciation.
At the current rent roll with a $385,000 sales price, this 6-plex produces a 13.4% cap rate with $51,420 in annual NOI making it an outstanding turnkey cash-flow opportunity.
We need a 24 hour notice for all showings so don't hesitate! Schedule your showing today before it is gone.
*The photos pictured are of the units that were remodeled before getting new tenants.
Location
State KY
County Jefferson
Direction From I-264 W Follow I-264 W. Take exit 3 from I-264 W Take Hale Ave, Cecil Ave, W Broadway and S 44th St to Elliott Ave 4307 Elliott Ave Louisville, KY 40211
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description Sidewalk
Sewer Private Sewer
Water Public
Architectural Style Other
Structure Type Brick Veneer
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