UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 5,408 sqft
Price per Sqft $71
MLS Listing ID 1698438
Style Other
Bedrooms 12
HOA Y/N No
Abv Grd Liv Area 5,408
Year Built 1946
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 5408
Property Description
• Apt 1 - $755
• Apt 2 - $755
• Apt 3 - $850
• Apt 4 - $755
• Apt 5 - $850
• Apt 6 - $850
Total Annual Gross Income: $57,780
Operating expenses are very manageable, with water averaging $300-$400, electric only $60-$70, and dumpster service at $115 monthly. With low overhead and stable tenants already in place, this property offers excellent cash-on-cash returns and immediate income from day one.
Highlights:
• Fully rented - no vacancy worries
• Strong rental demand in the area
• Low operating expenses
• Turnkey investment with This is an ideal opportunity for both new and seasoned investors looking for reliable monthly income and long-term appreciation.
At the current rent roll with a $385,000 sales price, this 6-plex produces a 13.4% cap rate with $51,420 in annual NOI making it an outstanding turnkey cash-flow opportunity.
We need a 24 hour notice for all showings so don't hesitate! Schedule your showing today before it is gone.
*The photos pictured are of the units that were remodeled before getting new tenants.
Location
State KY
County Jefferson
Direction From I-264 W Follow I-264 W. Take exit 3 from I-264 W Take Hale Ave, Cecil Ave, W Broadway and S 44th St to Elliott Ave 4307 Elliott Ave Louisville, KY 40211
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description Sidewalk
Sewer Private Sewer
Water Public
Architectural Style Other
Structure Type Brick Veneer
"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
GET MORE INFORMATION
- New Albany, IN Homes For Sale
- Jeffersonville, IN Homes For Sale
- Corydon, IN Homes For Sale
- Sellersburg, IN Homes For Sale
- Charlestown, IN Homes For Sale
- Clarksville, IN Homes For Sale
- Bethlehem, IN Homes For Sale
- Silver Hills, IN Homes For Sale
- Shelbyville, IN Homes For Sale
- Floyds Knobs, IN Homes For Sale
- Oakwood, IN Homes For Sale
- Austin, IN Homes For Sale
- Alton, IN Homes For Sale
- Borden, IN Homes For Sale
- Birdseye, KY Homes For Sale