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Description

Wonderful renovation of a circa 1930 solid brick 2 story apartment building in Historic Old Louisville known as "The Queen Ann" with 100% occupancy. This unique building offers 18 One Bedroom units, all with new kitchens and baths, fresh paint, new floor coverings along with 9 new architecturally designed decks for the 2nd floor units. Building features all new 600 AMP Electric Service with brand new 19 gang Meter Base. All units are separately metered with their own 100 AMP electric panel and new wiring through out. The building also features brand new plumbing, new water service , new manifold (flow regulator & seperate cut offs for each unit) and new electric water heaters in each unit. With over $400,000 in renovations in the past 18 months the building rents with ease. This property is in a very desirable location for both U of L graduate students, professionals, downtown employees and anyone looking for quick and easy access to all the major interstates and airport. Currently the average monthly rental rate is $492.00 with gross yearly income being over $106,000 and all new leases are being signed between $514 - $524 which will ad even more value. This is a must see for any investor wanting to strengthen their portfolio with a building that is in excellent condition filled with great tenants. Building price details: $750,000.

Property Details

• Type: Multifamily
• Status: Available
• Year Built: 1930
• Buildings: 1

Exterior Features

• Parking: Yes
• Parking Spaces: 6
• Parking Type: Surface

Map Locations