1220 S 3rd St Pending Save Request In-Person Tour Request Virtual Tour
Louisville,KY 40203
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 4,976 sqft
Price per Sqft $86
Subdivision Old Louisville
MLS Listing ID 1688102
Style Traditional
Bedrooms 10
HOA Y/N No
Abv Grd Liv Area 4,976
Year Built 1900
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Apartment
Source Metro Search (Greater Louisville Association of REALTORS®)
Property Description
****Investor Opportunity!**** This fully occupied multi-unit property is located near the University of Louisville and offers steady rental income with six total units. FIRST FLOOR: 3BR/2BA, 2BR/1BA, AND 2BR/2BA. SECOND FLOOR: Two units of 1BR/1BA. THIRD FLOOR: Studio. All tenants pay $100/mo for water and $100/mo electricity and rents are varied but follow current rental rates in the are. All units are currently rented without issue, except for one that was previously used as an office but is ready to be converted back into a rental unit, providing additional income potential. Some general cleanup and minor renovations may be needed to improve overall condition and future value. The property is tenant-occupied with limited interior access. Exterior and common area showings can be... scheduled by appointment, but access to occupied units will require an accepted contract with 24-48 hours' notice to coordinate with tenants. Property is being sold AS-IS, with no warranties expressed, written, or implied. Buyer to verify all information, including but not limited to square footage, lot size, utilities, foundation, environmental concerns, zoning, and intended uses. Please allow 24-48 hours for response on all offers. Note: portfolio for this investor is being liquidated. Please inquire for other properties.
Location
State KY
County Jefferson
Direction I-65 to exit 135 (Catherine St) to S 3rd St.
Interior
Heating Natural Gas
Cooling Other
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Wood Frame,Stone