UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,135 sqft
Price per Sqft $78
MLS Listing ID 1688095
Style Traditional
Bedrooms 6
HOA Y/N No
Abv Grd Liv Area 2,135
Year Built 1901
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Apartment
Source Metro Search (Greater Louisville Association of REALTORS®)
Property Description
Unleash the immense potential of this multi-unit property, strategically located just minutes from the thriving University of Louisville campus. This is more than just a building; it's a blank canvas in an explosively hot market, perfect for savvy investors looking to capitalize on the booming demand for professional and student rentals, or to execute a profitable flip. The surrounding area has become a magnet for successful rehab projects and lucrative flips, making this an unparalleled opportunity to join the ranks of those transforming this vibrant neighborhood.
This property offers a versatile layout, currently configured with six distinct units: a spacious 2-bedroom, 1-bath apartment with... ...kitchen on the first floor; three efficient studio apartments, each with a bath, on the second floor; and a unique loft/studio with a full bath and kitchen on the third. Imagine the possibilities upon renovation: highly desirable housing for university professionals, medical residents, or a prime income-generating asset for student housing.
While the vision is clear, this property does require a full rehab and clean-out. It's an "as-is" sale, and current access is limited due to necessary repairs, including the sealed-off front entrance. This means you'll have the exciting opportunity to transform this property from the ground up, allowing you to customize it to maximize future rental income and resale value. There are no tenants remaining, and showings can be arranged by appointment.
This is your chance to make a significant impact in a rapidly appreciating market. Investors are actively seeking and successfully renovating properties like this, and yours could be next.
Buyer to verify all information, including but not limited to square footage, lot size, utilities, foundation, environmental concerns, zoning, and intended uses. Property is being sold AS-IS, with no warranties expressed, written, or implied. Please allow 24-48 hours for response on all offers.
Don't miss out on this exceptional chance to transform potential into profit! Are you ready to seize this incredible investment opportunity?
Location
State KY
County Jefferson
Direction I-65 N, take exit 134 B, left on Woodbine St, left on Floyd.
Interior
Heating Other
Cooling Wall/Window Unit(s)
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Porch Porch
Garage No
Building
Lot Description Sidewalk
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Wood Frame
"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. "
8610 Chapel Hill Court, Charlestown, Indiana, 47130, USA
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