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$ 1,495,000
Est. payment | /mo
8,464 SqFt
$ 1,495,000
Est. payment | /mo
8,464 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,464 sqft
Price per Sqft $176
Subdivision Cherokee Triangle
MLS Listing ID 1720925
Style Traditional
HOA Y/N No
Abv Grd Liv Area 6,096
Year Built 1969
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 6096
Property Description
Located on an upscale residential street in the heart of Cherokee Triangle, one of the most desirable sub-markets in Louisville, 2189 Baringer includes 11 2BR/1BA purpose-built apartments. The walkable location is minutes from Cherokee Park, as well as shopping, dining, and other services in The Highlands. The building has undergone significant recent renovations, including four total unit turns (including all new fixtures, appliances, LVP flooring, tile bathrooms, and granite countertops), and new separate electric meters for all units. The remaining units have benefited from other improvements. There is potential for a 12th apartment - the space is currently used as a coin-op laundry and storage room. Off-street parking is readily available at the rear of the property, plus ample street parking. Value add opportunity for the investor includes continuing to turn units to bring rents up to market rate, potentially adding a 12th unit, instituting a RUBS system, and converting tenants to pay their own electricity.
Location
State KY
County Jefferson
Direction 2189 Baringer Avenue
Interior
Heating Natural Gas, Other
Cooling Central Air
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Brick
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