R
Seller's Agent in 2025
Rocio Gonzalez
Freeman Brothers Realty LLC
(606) 404-2155
4 in this area
35 Total Sales
229 Sowder Ln London, KY 40741
14
Beds
10
Baths
910
Sq Ft
1.31
Acres
About This Home
As of April 2025Investor's Dream! This unique portfolio offers an incredible opportunity to own 10 doors in one transaction, featuring 2 single-family homes (each with 3 bedrooms and 1 bathroom) and 2 quadplexes with a total of 8 studio units. All four buildings are conveniently located on the same street, making them easy to manage and maintain.
#229, #231 and #235 Sowder ln.
Located just 5 minutes from downtown London, KY, and 1 minute from I-75, this portfolio offers easy access to local amenities, employment hubs, and transportation routes. All tenants are on month-to-month leases and have been long-term residents, providing a stable tenant base. Current rents are significantly below market (at least 30%), offering an excellent opportunity to reposition and add value.
The buildings are in need of updates and improvements, making this a prime opportunity for investors ready to unlock the full potential of this portfolio.
Broker owner
Last Agent to Sell the Property
Freeman Brothers Realty LLC License #284430 Listed on: 01/19/2025
Property Details
Home Type
- Multi-Family
Home Design
- Quadruplex
Bedrooms and Bathrooms
- 14 Bedrooms
- 10 Full Bathrooms
Additional Features
- 1-Story Property
- 1.31 Acre Lot
Community Details
- 4 Buildings
- 4 Units
- City Limits Subdivision
Listing and Financial Details
- Assessor Parcel Number 050-30-00-008.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 19, 2025
Closed on
Mar 31, 2025
Sold by
Freeman Brothers Capital Investments Llc
Bought by
Sowder 10 Llc
Seller's Agent
Rocio Gonzalez
Freeman Brothers Realty LLC
Buyer's Agent
Austin Polley
Distinctive Living
List Price
$399,000
Sold Price
$350,000
Premium/Discount to List
-$49,000
-12.28%
Views
43
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$97,923
Avg. Annual Appreciation
-33.31%
Original Mortgage
$257,000
Interest Rate
6.76%
Mortgage Type
Construction
Purchase Details
Listed on
Jan 19, 2025
Closed on
Feb 27, 2025
Sold by
Cheek Kenneth and Cheek Gayle
Bought by
Freeman Brothers Capital Investments Llc
Seller's Agent
Rocio Gonzalez
Freeman Brothers Realty LLC
Buyer's Agent
Austin Polley
Distinctive Living
List Price
$399,000
Sold Price
$350,000
Premium/Discount to List
-$49,000
-12.28%
Views
43
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,000
Interest Rate
6.76%
Mortgage Type
Construction
Purchase Details
Closed on
Dec 12, 2024
Sold by
Profitt Elvis and Profitt Flora
Bought by
Freeman Brothers Capital Investments Llc
Purchase Details
Closed on
Jul 29, 2022
Sold by
Cheek Kenneth and Cheek Gayle
Bought by
Profitt Elvis
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $230,000 | None Listed On Document | |
| Deed | $230,000 | None Listed On Document | |
| Quit Claim Deed | $140,000 | None Listed On Document | |
| Quit Claim Deed | $140,000 | None Listed On Document | |
| Warranty Deed | $140,000 | None Listed On Document | |
| Warranty Deed | $10,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $257,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/08/2025 04/08/25 | Sold | $350,000 | -12.3% | $385 / Sq Ft |
| 02/15/2025 02/15/25 | Pending | -- | -- | -- |
| 01/19/2025 01/19/25 | For Sale | $399,000 | -- | $438 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
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 | $1,089 | $140,000 | $25,000 | $115,000 |
| 2024 | $170 | $22,000 | $0 | $0 |
| 2023 | $174 | $22,000 | $0 | $0 |
| 2022 | $175 | $22,000 | $0 | $0 |
| 2021 | $182 | $22,000 | $0 | $0 |
| 2020 | $182 | $22,000 | $0 | $0 |
| 2019 | $183 | $22,000 | $0 | $0 |
| 2018 | $183 | $22,000 | $0 | $0 |
| 2017 | $183 | $22,000 | $0 | $0 |
| 2015 | $182 | $22,000 | $5,000 | $17,000 |
| 2012 | $176 | $22,000 | $5,000 | $17,000 |
Source: Public Records
Agents Affiliated with this Home
-
Rocio Gonzalez
-
Austin Polley
Buyer's Agent in 2025
Austin Polley
Distinctive Living
(859) 338-2351
3 in this area
147 Total Sales
Map
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25000905
APN: 050-30-00-008.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 LBAR Multiple Listing Service. All Rights Reserved.
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