1444 S 2nd St, Louisville, KY 40208

$399,000
3,200
SqFt
List Price
$399,000
MLS#
1596206
Status
ACTIVE
Type
Multifamily
Total Units
3
City
Louisville
Area
1 - Downtown / Old & West Louisville / Shively
County
Jefferson
Living Area
3,200
Year Built
1900

Property Description

Beautiful, Clean, Fully-Rented, absolutely turnkey, exceedingly nice, Separately metered, Brick, late 19th Century TriPlex, on one of Old Louisville's sought-after streets, biking or walking distance from Downtown or U of L. $32,220 to $35,160* / Yr projected potential rental income. 7-8 years ago property was GUTTED, inside and out, and totally rebuilt/ restored w/ Higher end finishes and ATTN to QUALITY in order to attract high-end, quality, long-term tenants (@ premium market rents). Leaded Glass common entry door greets you and ushers you across restored historic tile to Large units, w/ practical floor plans, high ceilings, gleaming refinished hardwood floors, separate utility meters & separate HVAC. 2 large 2 BR a 1 BR/ 1 BA 3rd Flr apt, all with their own in-unit Washer-Dryer. All... ...have updated Kitchens w/ Granite countertops, new cabinetry & tile floors and New, tiled Baths. 7-8 yrs ago, property underwent major renovation w/ complete replacement of roof, electrical, plumbing/ water heaters & HVAC systems. * $32,220 to $35,160 / Yr projected potential gross rent is based on Rentometer estimates of market rent for higher end of range- $983 to $1,074/Mo each for # 1 & # 2 (both 2 BR units) and $719 to $782/ mo for #3, a 1 BR unit. (See Rentometer screen shots attached to photos RE projected rent amt). Current rents are below-market. Current, lease-specified rent @ full occupancy is $2,300 mo - $900 (#1 / lease Exp 4/30/2022) , $900 (#2 / lease Exp 11/30/2021) and $500 (# 3/ now mo-to-mo lease, exp 5/30/2018)

Additional Information

Construction
Brick
County Tax Rate
1.34%
Exterior
Porch
Furnaces
3
Living Area
3,200
Lot Description
Sidewalk
Lot Dimensions
33X125
Region
1 - Downtown / Old & West Louisville / Shively
Roof Materials
Composition, Shingle
Subdivision
Old Louisville
Tenant Pays
Cable, Electric, Gas
Total Units
3
Utilities
City Sewer, City Water, Fuel:Natural
Waterheaters
3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Eagan Realty Group.