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$ 469,000
Est. payment | /mo
3,320 SqFt
$ 469,000
Est. payment | /mo
3,320 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,320 sqft
Price per Sqft $141
MLS Listing ID 1713854
HOA Y/N No
Abv Grd Liv Area 3,320
Year Built 1920
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 3320
Property Description
Located on a quiet walking court in historic Old Louisville, this 5-unit multifamily property offers a solid investment opportunity on a highly desirable walking court and in a well-established rental market. The asset features a one 2-bedroom unit, two 1-bedroom units and two studios, providing flexibility and appeal to a broad tenant base. The property benefits from consistent demand due to its proximity to the University of Louisville, attracting students, faculty, and area residents. This location supports stable occupancy and long-term rental potential. Currently under professional management, the asset offers operational stability and a streamlined ownership experience. It has coin-operated laundry, boiler heat, and window unit air conditioning. It is well-suited for both first-time investors entering the multifamily sector and experienced owners seeking to expand their presence in this sub-market.
Location
State KY
County Jefferson
Direction Corner of Ouerbacker and Magnolia
Interior
Heating Other
Exterior
Exterior Feature Balcony
View Y/N No
Roof Type Asphalt
Garage No
Building
Structure Type Brick
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Nearby Locations
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1991 Crocker Rd, Suite 600, Westlake, Ohio, 44145, United States