Louisville, KY 40203,410 W Ormsby Ave
Louisville, KY 40203,410 W Ormsby Ave
Louisville, KY 40203,410 W Ormsby Ave
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$2,495,000
Est. payment /mo
28,540 SqFt
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Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 28,540 sqft

Price per Sqft $87

MLS Listing ID 1682158

HOA Y/N No

Abv Grd Liv Area 28,540

Year Built 1890

Property Sub-Type Apartment

Source Metro Search (Greater Louisville Association of REALTORS®)

Property Description

This 20 unit property has undergone substantial renovations in recent years. There is a mix of spacious unit types, including a remarkable 3,300 SF, 4BR penthouse. Nearly all units have been fully turned, and two carriage house units have been completely rebuilt.

Additional infrastructure improvements include plumbing, electrical panels, sewer lines, and exterior. Both the boiler and roof were replaced within the past five years.

The units themselves exude charm and character, while the common areas are bright and welcoming. As a result, the property has attracted some of the highest-quality tenants in the submarket. A buyer will acquire an asset with limited deferred maintenance and a stable tenant base.

Highlights include:

> 20 units: 10 1BR, 7 2BR, 1 4BR and 2 studios > 4 car garage

> Additional laundry revenue

> 17 units boiler/window AC (tenants pay electric), HVAC (tenants pay all LGE) in penthouse and carriage house

Location

State KY

County Jefferson

Direction South from downtown, right on Ormsby

Interior

Heating Forced Air

Exterior

Exterior Feature Balcony

View Y/N No

Roof Type Shingle

Garage No

Building

Structure Type Brick


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Greater Louisville MLS (Metro Search Inc)
Listed by PRG Commercial Property Advisors
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"I have spent nearly 2 decades becoming an expert in Southern Indiana market trends and influences. Now, I'll put my considerable market background to work for you, helping you to identify the best deals, and price your home accurately to assure a quick sale, while maximizing profit. "

+1(502) 649-6720

smardis@movingwithmardis.com

8610 Chapel Hill Court, Charlestown, Indiana, 47130, USA

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410 W Ormsby Ave