$975,000
$975,000
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8,640 SqFt
SOLD DATE : 10/22/2024
Key Details
Sold Price $975,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 8,640 sqft
Price per Sqft $112
MLS Listing ID 1667677
Sold Date 10/22/24
Style Other
HOA Y/N No
Abv Grd Liv Area 8,640
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1971
Lot Size 0.470 Acres
Acres 0.47
Property Description
This stable 12 unit apartment complex is located in the mature, Hikes Point area. Prominently situated on a corner off Breckenridge Lane, this well-maintained asset contains 2 BR units that are all rented at below market rates. Over the years the kitchens and bathrooms have been upgraded in all units.
An investor should be able to enjoy immediate upside in rents without significant investment. Louisville continues to experience very high demand for workforce housing, and an investor can enjoy immediate upside in a high-demand submarket.
>> 12 2BR/1BA units
>> Remodeled kitchens and baths with dishwashers
>> Washer/dryer hookups in each unit
>> All units under-rented on short-term leases
>> Separate LG and E
Location
State KY
County Jefferson
Direction Breckendirge Lane to Property
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description Corner
Architectural Style Other
Structure Type Brick
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617 N Mulberry St #105B, Elizabethtown, KY, 42701, USA