$410,000
$405,000
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4,392 SqFt
SOLD DATE : 03/04/2021
Key Details
Sold Price $410,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,392 sqft
Price per Sqft $93
MLS Listing ID 1577382
Sold Date 03/04/21
Style Traditional
HOA Y/N No
Abv Grd Liv Area 4,392
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1948
Property Sub-Type Quadplex
Property Description
Investor opportunity. Beautiful renovated Quadplex Current rent is as follows: #1 $1,145 #2 $1,050 #3 $950 #4 $750. Unit's #1 & #2 have brand new kitchens with white shaker cabinets, granite countertops and stainless steel appliances. Unit's #3 & #4 have similar updated finishes to each other. Unit #4's rent is $200 below fair market rent as you can see. The following financials are based on the current rents. $37,100.27 NOI. At list price it offers a very strong 9.2% CAP rate. If financed with 20% down/15 yr AM at 4.75% it produces $6,858.11 positive cash flow Current 1 year leases expire 6/30/21 on all 4 units
SELLER ALSO HAS 8 OTHER RENTAL PROPERTY LISTINGS: MLS #S ARE AS FOLLOWS 1577379,1577347,1577380,1577381,1577382,1577375,1577376,1577277,1577378
Location
State KY
County Jefferson
Direction 3rd Street/Southern Pkwy Exit off of Watterson West Bound go straight through the light, then turn left onto Alley and go to the end of the street. Last complex on the right park on drive next to garage.
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Exterior Feature Balcony, Deck
View Y/N No
Roof Type Shingle
Building
Lot Description Dead End
Building Description Brick, Laundry Facility
Architectural Style Traditional
Structure Type Brick
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