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Archived 2 months ago

$1,836,000

rooms 1 ba

2nd St/4th St, Louisville, KY 40208

Multiple Occupied Off MLS

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Brad Noe

Real Estate Agent
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Package Deal - 18 units - Ask About Owner Financing

Three fully renovated 6-unit apartment complexes in Old Louisville for sale, individually or as a package deal

Package Deal Asking Price $1,836,000 (Ask about owner financing terms)

1219 S 2nd St
Layout:
Unit 1 huge 1 bed 1 bath
Unit 2 studio
Unit 3 big studio
Unit 4 1 bed with balcony
Unit 5 tiny studio.
Unit 6 2 bed two bath
Rental listing: https://www.zillow.com/apartments/louisville-ky/1219-south-2nd-street/9Qj6Rp/?utm_campaign=zillowwebmessage&utm_medium=referral&utm_source=txtshare
Rent Roll:
unit 1. $950
Unit 2 $825
Unit 3 $845
Unit 5 &1100

Unit 4. $950. Application received.

1223 S 2nd St
Layout:
Unit 1 huge 1 bed 1 bath
Unit 2 studio with rear access and hallway.
Unit 3 1 bed fireplace in kitchen
Unit 4 1 bed with fireplace
Unit 5 nice studio with balcony
Unit 6 2 bed two bath
Rental listing: https://www.zillow.com/b/1223-s-2nd-st-louisville-ky/38.233807,-85.7567_ll/?utm_campaign=zillowwebmessage&utm_medium=referral&utm_source=txtshare
Rent Roll: Vacant, finishing up renovations

1507 S 4th St
Layout:
6 spacious 1 bed, 1 bath units with a living room and kitchen
Rental listing: https://www.zillow.com/homedetails/1507-S-4th-St-APT-1-Louisville-KY-40208/2100699100_zpid/?utm_campaign=zillowwebmessage&utm_medium=referral&utm_source=txtshare
Rent Roll:
Unit 1. $905. Being raised to 955 next month.

Unit 2. $1077

Unit 3. $1015

Unit 4 $1100 (section 8)

Unit 5. $780, being raised in April to 850

Unit 6. $745, being raised in April to 825.

Location:

2nd St/4th St, Louisville, KY 40208

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.