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(Prices and inventory current as of Nov 30, 1999)

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1226 S 2nd St, Louisville, KY 40203

$429,500 (Sold)
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1226 S 2nd St, Louisville, KY 40203

$429,500
Sold
est.$429,500/month.
8 beds. 5 baths. 7,680 Sq.ft.

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1226 S 2nd St, Louisville, KY 40203

$429,500
Sold
est.$429,500/month.
8 beds. 5 baths. 7,680 Sq.ft.
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SOLD By Eagan Realty Group | 1226 S 2nd St., Louisville KY 40203 | MLS 1547641

SOLD IN 8 DAYS right before Christmas!

$48,600 – $51,000 / Yr projected rental income from Awesome, absolutely turnkey, exceedingly nice, brick, late 19th Century Old Louisville Multi family property, recently renovated to high standards w/ ATTN to QUALITY in order to attract high-end, quality, long-term tenants (@ premium market rents).

Large units, w/ practical floor plans, high ceilings, hardwood floors, separate electric/ gas meters & separate HVAC. 3 large 2 BR, 1 large 1 BR & 1 large studio apt (easily converted to 1 BR ), all (except studio) which have been completely updated in the last 2 yrs w/ New Kitchens (w/ Granite counters, Maple cabinetry, tile floor & new appliances), New Baths & individual washer-dryers.

Over last 5-7 yrs, Sellers have put approx $200K worth of improvements into building incl new roof, new furnaces & Central A/Cs, new gutters, new paint & exterior brick tuck pointing.


$48,600 – $51,000 / Yr projected rents are based on $950 /mo/ unit for 2 BR units, $700 – $800/ mo for 1 BR & $500 – $600 for Studio. (See Rentometer screen shots attached to photos RE projected rent amt).

Current rent (w/ 1 unit vacant/only 4 of 5 units occupied either mo-to-mo or w/ leases exp betw 3/1 – 4/1/2020) is $2,800 mo- $850 (2 BR) , $850 (2 BR), $600 (1 BR) & $500 (Studio). 5th unit (#3, currently vacant) Sellers just completed renovation of & have advertised @ $950/Mo rent only since 11/1.

Driveway + 5-6 Off street parking spaces in rear.

Property information

  • 8 beds.
  • 5 baths.
  • 7,680 Sq.ft.

Disclaimer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

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