$995,000
$30K PRICE DROP

Estimated payment $6,296/month

Total Views 31,612
24 Beds
12 Baths
10,206 Sq Ft
$97 Price per Sq Ft

Highlights

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

About This Home

This listing includes 3407 and 3411, Prestwood Drive. All 12 units are 2 bedrooms, 1 bath, with living room, dining area and kitchen. The units have all been renovated by the current owners with updated kitchens & baths, Luxury Vinyl plank flooring in majority of units. Baths all consist of tub/shower combinations with linen closets, 4 total closets (one of which is a walk-in with automatic lighting) in each unit. Kitchens & Bath with ceramic flooring. All units have either electric or gas furnaces with central air. There are 6 tandem paved parking spaces in front of each building. Secure entries to each building. Neutral paint throughout most units. These 2 buildings are in the 100-year flood plain (see attached rent roll sheet for breakdowns of of current expenses). These buildings have been self-managed and therefore no official documentation of updates or maintenance is available. The average house meters $50 per building. The total insurance cost in the listing includes approximately $6,000 total flood insurance premium. Lots of long-term tenants most are on mo. to mo. at this time. Super clean buildings. These listings can also be packaged with 7509 & 7511 Garrison Rd. and 3403 & 3405 Prestwood - also for sale in KCREA.
Flood Insurance approx. $6000/yr. 2024 property/liability insurance $15,283. 2024 taxes on 2 buildings $5148. Water/sewer $600/mo.

A full package purchase of MLS#1693210 (3407 & 3411 Prestwood), MLS#1693209 (3403 & 3405 Prestwood) and MLS#1690987 (7509 & 7511 Garrison) can be purchased for $2,950,000.

Listing Agent

Michael Mawood

RE/MAX Results License #189931 Listed on: 07/22/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1968

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 12 Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Additional Features

  • Basement

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for trash collection, sewer, water
  • Legal Lot and Block 54, 55, 56, 58 / 0941

Property Details

Home Type

Apartment

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Cooling System: Central Air
  • Lot Dimensions: .40 acres
  • Property Sub Type: Apartment
  • Property Type: Multi Family
  • Garage Yn: No
  • Subdivision Name: NONE
  • Above Grade Finished Sq Ft: 6804.0
  • Architectural Style: Traditional
  • Utilities Electricity Connected: Yes
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Owner Pays:Trash Removal: Yes
  • Construction:Wood Frame: Yes
  • Architectural Style Traditional: Yes
  • Water and Sewer:City Sewer: Yes
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Total Bedrooms: 24
  • Below Grade Sq Ft: 3402.0

Exterior Features

  • Roof: Shingle
  • Construction Type: Wood Frame, Brick
  • Exterior Features: See Remarks
  • Construction:Brick3: Yes

Garage/Parking

  • General Property Description:_pound_ Parking Spaces: 12.0

Utilities

  • Utilities: Electricity Connected, Fuel:Natural
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0

Rental Info

  • Owner Pays: Trash Collection, Sewer, Water, See Remarks
  • Tenant Pays: Electricity, Gas

Building Info

  • Year Built: 1968

Multi Family

  • Number Of Units Total: 12

Tax Info

  • Tax Block: 0941
  • Tax Lot: 54, 55, 56, 58

Map

Range of Values:

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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
09/17/2025 09/17/25 Price Changed $995,000 -2.9% $97 / Sq Ft
07/22/2025 07/22/25 For Sale $1,025,000 +469.4% $100 / Sq Ft
08/22/2016 08/22/16 Sold $180,000 -7.7% $35 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
08/26/2015 08/26/15 For Sale $195,000 -- $38 / Sq Ft
Source: Metro Search, Inc.

About the Listing Agent

Michael Mawood

RE/MAX Results

(502) 466-7231

Section Image

Michael is a full time Realtor with over 33 years' experience negotiating for his clients' best interests with both buyers and sellers. He is also a member of KCREA (Kentucky Commercial Real Estate) which gives him the upper hand in commercial and investment properties. Michael works tirelessly throughout the entire Metro Louisville area & surrounding counties, but especially loves opportunities to work within the area's urban, historic neighborhoods of Old Louisville, The Highlands, Cherokee

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Source: Metro Search, Inc.

MLS Number: 1693210

Metro Search, Inc.