1518 W Oak St Louisville, KY 40210

Only 17 years young - building has some low rents; MAJOR upside here!One unit currently vacant/pending S8 inspections/will be shown-units are identical. Once an accepted contract is taken, all other units will be shown within 72 hours for review & approval of the contract. PROPERTY IS SOLD IN AS IS/WHERE IS CONDITION. Rent roll is attached/several of the lower rental units are MTM and have been given notice to move so that higher rents can be accepted. Nice sized units-ALL ARE 3BR/1BA -some with hardwood/some with carpeting. Large kitchens/generous LR & BRs. In-unit W/D hookups are an excellent renting attraction. Central Air/Separate meters/Range & refrig provided. Tenant pays LGE/Landlord pays water-sewer-garbage. Exterior decking has been recently refurbished. New shutters. Building has been power-washed. Parking lot has been resurfaced and stripped. Buyers MUST be pre-approved (not pre-qualified) in order to be shown the building. Current rents are $3224 per mo. Vacant unit is projected to lease at $885 bringing the projected rents to $4109 which is still slightly low. Once the 2 units on the 2nd floor are removed and raised plus the top unit closest to the street on the 3rd floor, this will be a substantial increase. Old owner did not take deposits. Only two of current units have deposits of $100 each.