M
Seller's Agent in 2012
Michael Mawood
RE/MAX Connections
219 E Ormsby Ave Louisville, KY 40203
Old Louisville Neighborhood
18
Beds
18
Baths
9,892
Sq Ft
--
Built
Highlights
- Balcony
- Patio
- Heating Available
- Cooling System Mounted To A Wall/Window
About This Home
As of October 2012100% occupied, totally renovated circa 1930 solid brick 2 story apartment building in Historic Old Louisville known as ''The Queen Ann''. This unique building offers 18 One Bedroom units, all with new kitchens and baths, fresh paint, new floor coverings along with 9 new architecturally designed decks for the 2nd floor units. Building features all new 600 AMP Electric Service with brand new 19 gang Meter Base. All units are separately metered with their own 100 AMP electric panel and new wiring through out. The building also features brand new plumbing, new water service , new manifold (flow regulator & seperate cut offs for each unit) and new electric water heaters in each unit. With over $400,000 in renovations in the past 18 months the building rents with ease. This property is in a very desirable location for both U of L graduate students, professionals, downtown employees and anyone looking for quick and easy access to all the major interstates and airport. Currently the average monthly rental rate is $492.00 with gross yearly income being over $106,000 and all new leases are being signed between $514 - $524 which will ad even more value. This is a must see for any investor wanting to strengthen their portfolio with a building that is in excellent condition filled with great tenants.
Last Agent to Sell the Property
Michael Mawood
RE/MAX Connections Listed on: 06/18/2012
Property Details
Home Type
- Apartment
Home Design
- 9,892 Sq Ft Home
- Brick Exterior Construction
- Stone Siding
Outdoor Features
- Balcony
- Patio
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
Listing and Financial Details
- Tenant pays for electric, cable
- The owner pays for water, sewer
- Legal Lot and Block 0010 / 032
- Assessor Parcel Number 0032-0010-0000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2012 10/03/12 | Sold | $693,000 | -7.6% | $70 / Sq Ft |
| 08/14/2012 08/14/12 | Pending | -- | -- | -- |
| 06/18/2012 06/18/12 | For Sale | $750,000 | -- | $76 / Sq Ft |
Source: Metro Search, Inc.
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,800 | $1,254,000 | $50,000 | $1,204,000 |
| 2024 | $16,101 | $1,254,000 | $50,000 | $1,204,000 |
| 2023 | $16,829 | $1,254,000 | $50,000 | $1,204,000 |
| 2022 | $13,940 | $1,025,000 | $20,000 | $1,005,000 |
| 2021 | $14,857 | $1,025,000 | $20,000 | $1,005,000 |
| 2020 | $14,085 | $1,025,000 | $20,000 | $1,005,000 |
| 2019 | $13,750 | $1,025,000 | $20,000 | $1,005,000 |
| 2018 | $13,574 | $1,025,000 | $20,000 | $1,005,000 |
| 2017 | $13,359 | $1,025,000 | $20,000 | $1,005,000 |
| 2013 | $6,930 | $693,000 | $45,000 | $648,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Jay Gulick
Buyer's Agent in 2012
Jay Gulick
Kentucky Select Properties
(502) 296-5514
60 Total Sales
Map
Source: Metro Search, Inc.
MLS Number: 1334864
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