KY
Jefferson
Louisville
40211
3610 Del Park Terrace
3610 Del Park Terrace, Louisville, KY 40211
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Listing Type
other
Listing Status
Active
11
$980,000

Home Details for 3610 Del Park Terrace

Price
$980,000
Type
Residential Income
Bedrooms
16
Total Bathrooms
14
Square feet
9824
Year built
1929
County
Jefferson
Days on site
154
MLS Listing#
1711511
Property Description

Value-add 14-unit multifamily investment opportunity in West Louisville. The property consists entirely of 1-bedroom, 1-bath units, with 12 units approximately 550+ SF and 2 units approximately 800+ SF. Currently generating ~$8,000/month in gross income with four vacancies, including two recently renovated units now in lease-up, offering immediate upside through stabilization and rent normalization. Market rents are $800+ for market tenants (tenant-paid gas and electric) and $950+ for Section 8 (gross). Each unit is individually metered for LG&E, with water/sewer common. Recent ownership upgrades help reduce near-term CAPEX. Convenient location with quick access to I-264 and major Louisville corridors, positioned in an area seeing continued community investment and redevelopment.

Property Features
  • Cooling Information
    • Central Air
    • Wall/Window Unit(s)
  • Heating Information
    • Radiant
    • Other
  • Utilities
    • Electricity Connected
    • Other
  • Water Features
    • Public
Listing Courtesy: Colliers
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Greater Louisville Association of Realtors.
EXIT REALTY CRUTCHER
8911 Greeneway Commons Pl, Louisville, KY 40220
Office
502 327 9838
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