952 S 6th St, Louisville, KY 40203

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952 S 6th St, Louisville, KY 40203

$325,000 (Active)

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Listed by: Samuel Ault - United Real Estate Louisville

$$325,000

Active

est.$325,000/month.

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beds. baths. 6,350 Sqft.

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Sat, Aug 29
(12:00 PM - 2:00 PM)

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952 S 6th St, Louisville, KY 40203

$325,000

Active

est.$325,000/month.

Start My Approval

beds baths 6,350 Sq.ft.

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Property details for 952 S 6th St, Louisville, KY 40203

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.

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