KY
Jefferson
Louisville
40203
1122 Garvin Pl
1122 Garvin Pl, Louisville, KY 40203
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Listing Type
Condo/Townhome
Listing Status
Active
29
$2,599,000

Home Details for 1122 Garvin Pl

Price
$2,599,000
Type
Residential Income
Bedrooms
2
Total Bathrooms
3
Square feet
17404
Year built
1961
Lot size acres
0.48
County
Jefferson
Days on site
48
MLS Listing#
1721984
Property Description

The Old Louisville Flats. This 32-unit apartment building represents a highly desirable, historically stable asset class with significant value-add potential. Long-term family ownership means pride in ownership with this extremely well-cared-for property. Property Overview & Investment Highlights 32 one-bedroom apartments plus one bonus on-site manager's space in the basement. Located in the historic Old Louisville area, known for its high density of Victorian architecture and strong tenant demand driven by proximity to the University of Louisville, Spalding University, and downtown employment hubs. Value-Add Potential: The "upside in rents" indicates an opportunity to implement easy upgrades to capture market-rate premiums. On-site laundry facilities provide immediate auxiliary income and serve as a vital amenity for the tenants.

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Property Features
  • Cooling Information
    • Other
    • Wall/Window Unit(s)
  • Heating Information
    • Natural Gas
    • Steam
  • Utilities
    • Natural Gas Available
    • Electricity Connected
  • Water Features
    • Public
Listing Courtesy: Weichert Realtors - ABG - 502-893-1900
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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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