1079 Cherokee Rd

Louisville, KY 40204

About this property

Located in the highly desirable Cherokee Triangle neighborhood of The Highlands, this triplex offers a rare opportunity to own an income-producing property surrounded by the historic homes and tree-lined streets of Cherokee Road. The property consists of three units: Unit 1 features 2 bedrooms and 1 bathroom, Unit 2 offers 1 bedroom and 1 bathroom, and Unit 3 includes 2 bedrooms and 1.5 bathrooms. All three tenants are long-term, month-to-month residents with rents currently below market, providing a value-add opportunity for investors seeking to increase revenue over time. Utilities are landlord-friendly, with LG&E individually metered and water expenses billed back to the tenants. Perfect for an individual to live in one unit and rent out the other two.

About this property

Located in the highly desirable Cherokee Triangle neighborhood of The Highlands, this triplex offers a rare opportunity to own an income-producing property surrounded by the historic homes and tree-lined streets of Cherokee Road. The property consists of three units: Unit 1 features 2 bedrooms and 1 bathroom, Unit 2 offers 1 bedroom and 1 bathroom, and Unit 3 includes 2 bedrooms and 1.5 bathrooms. All three tenants are long-term, month-to-month residents with rents currently below market, providing a value-add opportunity for investors seeking to increase revenue over time. Utilities are landlord-friendly, with LG&E individually metered and water expenses billed back to the tenants. Perfect for an individual to live in one unit and rent out the other two.

Features and Additional Information

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$650,000 Active
2,804 sqft

Presented By Coldwell Banker McMahan

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Brokerage
GRISANTI GROUP COMMERCIAL REAL ESTATE
1-502-253-1811
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Area Information

02 Butchertwn | Hghlnds | Germantwn | Jefferson County | HENNING & SPEEDS

$ 650,000
This listing is play_arrow 24.4% higher than the average in the area
$ 522,500 in the area
2,804 SqFt
This listing is play_arrow 22.0% larger than the average in the area
2,298 SqFt in the area
$ 232 $/SqFt
This listing is play_arrow 2.5% more than the average in the area
$ 226 $/SqFt in the area
82 days on site
This listing is play_arrow 4.7% below the average in the area
86 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
Listed By Joe Grisanti
Brokerage: GRISANTI GROUP COMMERCIAL REAL ESTATE

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