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4-Plex Apartment Buildings, Owner Financing
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Property Description |
Price reflects the property being sold "as-is"---but there is nothing more at all than minor outside/inside cosmetics needed. You will find, based upon your walk-thru, the property is in very sound condition...
At the time of this posting, 6 of the 8 units are occupied with this breakdown: (3) @ $325/month, (2) @ $500/month (includes gas/electric), and (1) @ $375/month. Potential gross rents are $3,100+/month, when fully occupied. In 2001, entire property was renovated down to the studs, including gas/electric service. All units are identical: roughly 500 square feet, 1 bed/1 bath. There is a small, community laundry room attached to one of the buildings---but I have closed it for my duration of ownership. The tax rate for said property is just over 1% (or roughly $1,950/year). There is room (as you can see from one of the pictures) to possibly build another building (such as a duplex, at least) and make this a 10 unit+ parcel... It is located roughly 1/2 mile from the University of Louisville and even closer to the historic Churchill Downs racetrack. |
| Contact person: |
Jason |
| Seller Type: |
PrivateOwner |
| Phone: |
502-445.2989 |
| Email: |
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| Web Link: |
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| Listing Status: |
For Sale |
| Property Type: |
Fourplex |
| Price($): |
179900 |
| Street Address: |
705 M Street |
| City: |
Louisville |
| Region: |
Kentucky |
| ZIP/Postal Code: |
40208 |
| Bedrooms: |
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| Bathrooms: |
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| Stories: |
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| Square Feet: |
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| Lot Size: |
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| Year Built: |
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| Owner Finance: |
Yes |
| Cap Rate: |
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| Net Operating Income: |
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| Price Per Square Foot: |
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