NOT LISTED FOR SALE
1 Bed
1 Bath
10,290 Sq Ft
1972 Built

Last Sold November 18, 2019

Last sale price $540,000 $52 Per Sq Ft

210 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of November 2019

Amazing Real Estate Investment opportunity! If you are interested in investing in real estate, both apartment buildings offer more than $90,000 income per year and each has good rental history as well. Rent for each unit has been between $650 to $700 with 90 -100% occupancy. Cap rate is around 9% and return of investment within 5 years would be around 18%. There is one section 8 unit and 4 tenants have been there more than 8 years. Each building has 6 units, each with their own deed. Each unit also has a separate water meter, gas, and common area electric meter. There is a total of 12 units, 6 in each building. Each unit is a 2-bedroom, 1 bathroom, and each has a laundry in the unit. Most units have hardwood flooring and all units have been updated in last 3 years. Each water heater and HVAC systems have been replaced, maintained and serviced as needed. Windows were replaced within the last 5 years and both roofs are less than 5 years old. There is ample parking space around both buildings.

Last Agent to Sell the Property

Hoss Tavak

Weichert Realtors - ABG Listed on: 08/13/2019

Last Buyer's Agent

Maria Mondino

EXP Realty LLC License #223120

EXP Realty LLC

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1972

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for water, sewer
  • The owner pays for trash removal
  • Tax Lot 35
  • Assessor Parcel Number 144400350000
  • Seller Concessions Offered

Property Details

Home Type

Apartment

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cooling System: Central Air
  • Lot Dimensions: .50
  • Property Sub Type: Apartment
  • Property Type: MultiFamily
  • Subdivision Name: NONE
  • Above Grade Finished Sq Ft: 6860.0
  • Architectural Style: Traditional
  • Utilities Electricity Connected: Yes
  • Cooling Central Air: Yes
  • Utilities City Sewer: Yes
  • Owner Pays:Trash Removal: Yes
  • RoofAsphalt: Yes
  • Special Features: None

Interior Features

  • Below Grade Sq Ft: 3430.0

Exterior Features

  • Roof: Asphalt
  • Construction Type: Brick
  • Exterior Features: See Remarks
  • Construction:Brick3: Yes

Garage/Parking

  • General Property Description:_pound_ Parking Spaces: 6.0

Utilities

  • Utilities: City Sewer, City Water, County Water, Electricity Connected, Fuel:Natural
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 0.36
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 144400350000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Trash Removal
  • Tenant Pays: Water, Sewer

Building Info

  • Year Built: 1972

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Block: 0
  • Tax Lot: 35

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2019 11/18/19 Sold $540,000 -10.0% $52 / Sq Ft
09/30/2019 09/30/19 Pending -- -- --
07/18/2019 07/18/19 Price Changed $600,000 -2.3% $58 / Sq Ft
06/28/2019 06/28/19 Price Changed $614,000 -1.9% $60 / Sq Ft
06/20/2019 06/20/19 For Sale $626,000 0.0% $61 / Sq Ft
05/29/2019 05/29/19 Pending -- -- --
05/28/2019 05/28/19 Price Changed $626,000 -1.6% $61 / Sq Ft
04/24/2019 04/24/19 Price Changed $636,000 -2.2% $62 / Sq Ft
04/02/2019 04/02/19 Price Changed $650,000 -5.8% $63 / Sq Ft
03/20/2019 03/20/19 Price Changed $690,000 -1.3% $67 / Sq Ft
03/04/2019 03/04/19 For Sale $699,000 +336.9% $68 / Sq Ft
05/12/2017 05/12/17 Sold $160,000 -15.8% $47 / Sq Ft
03/09/2017 03/09/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $190,000 -- $55 / Sq Ft
Source: Metro Search (Greater Louisville Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro Search (Greater Louisville Association of REALTORS®)

MLS Number: 1525825

Metro Search (Greater Louisville Association of REALTORS®)