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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.