KY
Jefferson
Louisville
40203
952 S 6th St
952 S 6th St, Louisville, KY 40203
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Listing Type
Condo/Townhome
Listing Status
Active
23
$325,000

Home Details for 952 S 6th St

Price
$325,000
Type
Residential Income
Square feet
3250
Year built
1928
Lot size acres
0.15
County
Jefferson
MLS Listing#
1727191
Property Description

Rare VALUE ADD 5 plex opportunity in Old Louisville / Limerick. This building has been professionally managed for decades. It was previously 100% occupied by long term tenants for over three years at $3,875/month combined rents. The current owners decided to vacate the building to allow for the next buyer to lease up at market rates which the current property management company predicts to be a minimum of $850/mth or $4,250 combined. The current owners have replaced the roof and added mini split HVAC systems. 4 of the 5 units have been recently cosmetically renovated. The value add opportunity: separate electric meters. Current owners are in the process of obtaining bids to allow the new owners to easily make this investment into the building. This large, brick and stone building has great bones and spacious, in demand units. Property Mgmt of Louisville is ready to lease up the building for the next owner. Historical rent roll, pro forma financials, and rent comps are available upon request.

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Connected
  • Cooling Information
    • Ductless
  • Water Features
    • Public
Listing Courtesy: United Real Estate Louisville - 502-509-4498
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EXIT REALTY CRUTCHER
8911 Greeneway Commons Pl, Louisville, KY 40220
Office
502 327 9838
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