10 unit apartment building in downtown Louisville's Saint James Court across from Central Park. The stately building is in excellent condition and essentially a turn-key fully leased building. 6 of the units are 1 bedroom 1 bath units and 4 of the units are studio units. 9 of the units are in the 3 story main house and 1 unit is in the carriage house. 3 parking spots are adjoining the carriage house and then on street parking. The rents are between $695 and $845 monthly. Each unit has separate electric. Heat is provided by a 95% efficiency boiler installed in 2015. Gross annual income is approximately $93,757 with the cap rate of 7.498%. There is a large brick patio in the backyard for the tenants' outdoor entertaining. The basement level provides additional storage and a coined
Broker details: Lenihan Sotheby's International Realty Listed by: Jason Farabee
Market area01-Dtwn Old Louisville/Shively/West Lou
Directions4th Street or 6th Street to Magnolia to Saint James Ct.
Listing Last Modified2020-02-05
MLS Area01-Dtwn Old Louisville/Shively/West Lou
Tax Amount$ 0
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