$845,000 Price Analysis    ♡   Louisville, KY 40213 Unknown bed None bath 6,000 SqFt ($140/SqFt) Listed 2023-06-23, Taxes $8,497 | Ⓧ USDA Ineligible due to price & location near Louisville |
This is a tremendous opportunity to own a cash flowing 12-unit apartment building.
The property is situate d on a large lot conveniently located at the corner of Preston Highway and E Indian Trail. The proximity to bus stops and grocery stores makes this asset desirable for tenants. The owners have turned several units installing LVP flooring.
The improved units are leased for $901. A new owner can continue turning units and raising rnt to add value. Highlights include: > 11 1BR/1BA units and 1 studio unit > Separate electric meters, tenants pay their own electric > High occupancy > Ample off street parking
Presented by Jenny Johnston at
Prg Commercial Property Advisors.
Property MLS #1639426 from Louisville
County: Jefferson
Directions: Get on I-65 S 2 min (0.5 mi) Follow I-65 S to Grade Ln. Take exit 130 from I-65 S 6 min (5.8 mi) Take Preston Hwy to your destination
Source Property Type: MultiFamily
Area: 06-Buchel/Hghvw/okolona/FernCreek
MLS Area Minor: 06-Buchel/Hghvw/okolona/FernCreek
Source Neighborhood: 06-Buchel/Hghvw/okolona/FernCreek
Property Subtype: Apartment
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $653,000 + $72,000 $725,000 | $8,497 |
| 2021 | $403,000 + $72,000 $475,000 | $5,962 |
| 2020 | $313,000 + $72,000 $385,000 | $4,531 |
| 2019 | $313,000 + $72,000 $385,000 | $4,172 |
| 2018 | $313,000 + $72,000 $385,000 | $4,121 |
| 2017 | $204,000 + $72,000 $276,000 | $2,896 |
| 2016 | $204,000 + $72,000 $276,000 | $2,910 |
| 2015 | $210,060 + $59,940 $270,000 | $2,854 |
| 2014 | $210,060 + $59,940 $270,000 | $2,855 |
| 2013 | $210,060 + $59,940 $270,000 | $2,855 |
| 2012 | $210,060 + $59,940 $270,000 | $2,828 |
| 2011 | $210,060 + $59,940 $270,000 | $2,766 |
| 2010 | $unknown + $unknown $270,000 | $2,763 |
| 2009 | $unknown + $unknown $270,000 | $2,682 |
$845,000
Louisville
Price Changed 2023-07-06
$899,000
Louisville
Listed 2023-06-23
$920,000
Louisville
Sold 2021-11-16
$725,000
Public Record
Sold 2020-10-22
$475,000
Public Record
Sold 2020-04-21
$3,300,000
Public Record
Sold 2017-08-29
$385,000
Public Record
Sold 2015-07-01
$276,000
Public Record
Above Grade Finished Area: 6000
Building Area Total: 6000
Building Exterior Type: Brick
Construction Materials: Brick
Roof: Shingle
Total Area Sqft: 6000
Architectural Style: Traditional
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.