Coldwell Banker McMahan
1429 Hepburn
Louisville, KY 40204

Description

Rare HIGHLANDS 8-plex offering. 7 - 1BR units, 1 Eff. Great investment opportunity with the potential to increase rents. Off-street parking for four cars including two spaces in garage. Separate gas & electric meters in rear four units. All utilities paid in front four units. Rear four units were built as apartment building in late 1960's. Front four units were converted from a single-family home in 1971. Current monthly rents for 7 units is $3,065 - $36,780 (Not including vacancy). Rents are currently considerably under market. Appraiser estimates current Annual Gross Rent Potential as $57,180. Documentation available upon request. Rear four apartments roof replaced in 2011, most windows replaced in 2008, 1 unit has a lease expiration of 03/31/19 with the others month-to-month. 2 year average utility cost is $4,861. Square footages per prior appraisal - #1, #2, #3, & #4 - 551 Sq. Ft., #5 494 Sq. Ft., #6 482 Sq. Ft., #7 406 Sq. Ft., & #8 368.

Details

MLS#1514833
Sub-TypeResale
StatusActive
Year1900
Days On Site87

Features

SQ Feet4,258
Units8
Building(s)1

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Area Information

StateKY
CountyJefferson
CityLouisville
Zip Code40204
Listing VS Median (in 40204)
Price:
$595,000
low | high
Med:
$245,000
100% of Average
SqFt:
4,258
low | high
Med:
1,289
100% of Average
$ / SqFt:
$140
low | high
Med:
$190
13.98028567517% of Average
On Site:
87
low | high
Med:
95
91.578947368421% of Average
Listing Updated: 12/13/2018
MLS Number: 1514833
Listing Provided By:
Teri Hall  of  Robert Massey Company
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