1827 S 3rd St, Louisville, KY 40208

$439,000
3,689
SqFt
List Price
$439,000
Price Change
▼ $40,000 1631755578
MLS#
1596192
Status
ACTIVE
Type
Multifamily
Total Units
3
City
Louisville
Area
1 - Downtown / Old & West Louisville / Shively
County
Jefferson
Living Area
3,689
Year Built
1900

Property Description

Awesome, Fully-Rented, absolutely turnkey, Clean, exceedingly nice, Separately metered, Brick, late 19th Century TriPlex, 3 doors from Cardinal Blvd, Steps from U of L Belknap Campus. $33,800+ to $36,480* / Yr projected potential rental income. Recently updated w/ Higher end finishes and ATTN to QUALITY in order to attract high-end, quality, long-term tenants (@ premium market rents). Large units, w/ practical floor plans, high ceilings, beautiful Inlaid hardwood floors & original mantels, separate utility meters & separate HVAC. 1 large 2 BR/ 2 BA ''townhouse style'' apt, 1 large 1 or 2 BR (w/ no closet)/ 1 BA apt w/ basement access to Laundry & a 1 BR/ 1 BA 3rd Flr apt. All have completely updated Kitchens w/ Granite countertops, new cabinetry & tile floors and New, tiled baths. 10-12.. ...yrs ago, property underwent major renovation w/ complete replacement of rear roof, electrical, plumbing & HVAC systems. Within last 1-5 years: 2 C/A units & Hot Water Heater replaced & parking lot re-surfaced w/ 7 spaces marked off. * $33,800+ to $36,480 / Yr projected potential gross rent is based on Rentometer estimates of market rent for higher end of range- $950 to $1,025/Mo for # 1 (1 or 2 BR, 1 BA w/ basement access), $1,050 to $1,105/ mo for #2 (townhouse style 2 BR/ 2 BA) and $722 to $810 / mo for (1 BR/1 BA) # 3. (See Rentometer screen shots attached to photos RE projected rent amt) + the potential of renting 2 parking spaces @ $50/Mo each ($100 Total). Basement has exterior entry and would a perfect coin-operated laundry area. Current rents are below-market. Current, lease-specified rent @ full occupancy is $2,100 mo - $500 (#1 / Exp 6/30/2022) , $1,000 (#2 / Exp 6/30/2022) and $600 (# 3/ now mo-to-mo lease, exp 6/30/2021)

Additional Information

Construction
Brick
County Tax Rate
1.374%
Exterior
Deck, Porch
Furnaces
3
Living Area
3,689
Lot Description
Sidewalk
Lot Dimensions
40X200
Parking Spaces
7
Region
1 - Downtown / Old & West Louisville / Shively
Roof Materials
Shingle
Subdivision
Old Louisville
Tenant Pays
Cable, Electric, Gas
Total Units
3
Utilities
City Sewer, City Water, Fuel:Natural
Waterheaters
1

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Eagan Realty Group.