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$ 2,950,000
Est. payment | /mo
24,561 SqFt
$ 2,950,000
Est. payment | /mo
24,561 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 24,561 sqft
Price per Sqft $120
Subdivision Old Louisville
MLS Listing ID 1711591
HOA Y/N No
Abv Grd Liv Area 24,561
Year Built 1880
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 24561
Property Description
This Old Louisville multifamily opportunity includes 1010, 1014, 1018, and 1019 S. 3rd St. The four buildings contain up to 57 units. Three buildings have undergone a comprehensive renovation program including selective demolition to enhance unit layouts, fresh exterior paint, new gutters and downspouts, and new energy efficient windows. Interior upgrades feature updated electrical systems, substantial plumbing improvements, new window air conditioning units, and ventless gas heating systems in each unit. Units also received new flooring, modern kitchens with granite, updated cabinetry, new appliance, refreshed bathrooms, and other finishes that support strong tenant demand. The fourth building has been completely gutted and is currently undergoing renovation. The properties benefit from their proximity to major institutional demand drivers, including Spalding University immediately to the north and the University of Louisville just a few blocks to the south. This offering provides investors with the opportunity to purchase all buildings at a discounted price-per-unit, and add value by finishing the vacant building.
Location
State KY
County Jefferson
Direction Offering includes 1010, 1014, 1018, and 1019 S. 3rd Street
Interior
Heating Other
Exterior
Exterior Feature None
View Y/N No
Roof Type Other
Garage No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
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