3632 Manslick Rd Louisville, KY 40215
Taylor Berry NeighborhoodEstimated payment $17,058/month
Highlights
- No HOA
- Balcony
- Mini Split Heat Pump
About This Home
In Place 10+ Cap Rate.
This turnkey, stabilized investment opportunity consists of 34 studio units that have been gutted down to the studs and completely renovated with new plumbing, electrical, mini-split heating/cooling systems, LVP flooring, granite counters, stainless appliances, and more. Plus, a tax moratorium is in place through 2029 and transferable to the new owner.
Most rents are at $976/month, with potential to increase over time. Expenses are low due to high efficiency tankless water heaters, mini-splits, and newly renovated units. The property has been stabilized since winter, and is projected to produce well over $300K in NOI this year.
The units are separately metered for LG&E, and are efficiently sized for quick and easy turns. There is also off street parking. This property presents an excellent opportunity to invest in a stabilized, cash flowing, low maintenance multifamily asset.
Highlights include:
> 34 fully gutted and renovated studio units
> Separate meters for LG&E
> High efficiency mini-splits and tankless water heaters
> Cash flowing asset, projected 10+ cap rate with in place financials
Property Details
Home Type
- Apartment
Year Built
- Built in 1961
Home Design
- 14,202 Sq Ft Home
- Shingle Roof
- Concrete Siding
Additional Features
- Balcony
- Mini Split Heat Pump
Community Details
- No Home Owners Association
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Price Changed | $976 | 0.0% | $2 / Sq Ft |
| 06/18/2025 06/18/25 | For Sale | $2,649,500 | 0.0% | $187 / Sq Ft |
| 05/24/2025 05/24/25 | Price Changed | $800 | -5.9% | $2 / Sq Ft |
| 02/11/2025 02/11/25 | Price Changed | $850 | 0.0% | $2 / Sq Ft |
| 02/11/2025 02/11/25 | For Rent | $850 | -12.9% | -- |
| 02/04/2025 02/04/25 | Off Market | -- | -- | -- |
| 01/31/2025 01/31/25 | For Rent | $976 | -- | -- |
Source: Metro Search (Greater Louisville Association of REALTORS®)
MLS Number: 1690042
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 data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Copyright 2025 Metro Search, Inc.
- 3805 Dixie Hwy
- 1710 Liberty Bell Way
- 1711 Liberty Bell Way
- 1710 Valley Forge Way
- 1722 Theresa Ave
- 3601 Georgetown Place
- 3525 Georgetown Place
- 3417 Barkwood Rd
- 1700 Chester Rd
- 1908 Crums Ln
- 1642 Sale Ave
- 3601 Powell Ave
- 2109 Crums Ln
- 3616 Craig Ave
- 4130 Hillview Ave
- 4143 Hillview Ave
- 3761 Powell Ave
- 1625 Clara Ave
- 4203 Naneen Dr
- 3813 Powell Ave
- 3524 Georgetown Cir
- 3808 Dixie Hwy
- 1707 Liberty Bell Way Unit 1
- 3700 Georgetown Place
- 2009 Crums Ln
- 1829 Mary Catherine Dr
- 3753 Powell Ave
- 1900 Garrs Ln
- 1440 Seelbach Ave
- 3737 1/2 Kahlert Ave
- 1523 Anna Ln
- 3526 Henry Ave
- 4023 Taylor Blvd
- 4210 La Salle Ave
- 1604 Louise Ave
- 2224 Peaslee Rd
- 1005 Carlisle Ave
- 3348 Bohannon Ave
- 3237 Utah
- 2310 Mary Catherine Dr