10233 Blue Lick Rd, Louisville, KY 40229
10233 Blue Lick Rd, Louisville, KY 40229
10233 Blue Lick Rd, Louisville, KY 40229
10233 Blue Lick Rd, Louisville, KY 40229
10233 Blue Lick Rd, Louisville, KY 40229
10233 Blue Lick Rd, Louisville, KY 40229
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$ 2,450,000
Est. payment | /mo

22,812 SqFt


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$ 2,450,000
Est. payment | /mo
Save

22,812 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 22,812 sqft

Price per Sqft $107

MLS Listing ID 1712112

Style Traditional

HOA Y/N No

Abv Grd Liv Area 22,812

Year Built 2003

Property Sub-Type Apartment

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 22812

Property Description

Strong investment opportunity at 10233 Blue Lick Rd, Louisville, KY 40229 (located off Blue Lick Rd & Hillcross Dr). Property Overview: 21 large townhome-style units 6 units: 3 bed / 1.5 bath 15 units: 2 bed / 1.5 bath. Current rent roll: $24,461/month (2 vacancies) $27,063/month once fully occupied; up to $29,721/month potential. 22,812 total sq ft Built approximately 23 years ago. New dimensional shingle roofs (Aug/Sept 2023) on all three buildings Large onsite parking lot Utilities: Tenants pay LG&E ,owner pays water/sewer and trash. Laundry in each unit This property presents a strong value-add opportunity through lease-up, along with a potential condo conversion exit strategy that could potentially generate a very profitable return. See attached rent roll and LURA letter

Location

State KY

County Jefferson

Direction Take I-65 to Outer Loop East Exit to Preston Highway turn right on Preston and follow to South Park Rd turn right and go to Blue Lick Rd. Turn right on Blue Lick follow to Hillcross Drive on left to Buildings at 3601-3613 Hillcross Dr and 3615-3627 Hillcross Dr and 3629-3641 Hillcross Dr.

Interior

Heating Forced Air

Cooling Central Air

Exterior

Exterior Feature None

View Y/N No

Roof Type Shingle

Porch Porch

Garage No

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Vinyl Siding,Wood Frame,Brick

Greater Louisville MLS (Metro Search Inc)
Listed by Beck Realty Group

Nearby Locations

Amanda Midkiff

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(502) 767-9087

amanda@midkiffteam.com

6500 Glenridge Park Pl, Louisville, KY, 40222, USA

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10233 Blue Lick Rd