1403-63 Forest

    Louisville, KY 40219
    • $1,880,000
    • STATUS: Closed
    • ON SITE: 459 days
    • ID#: 1511507
    Sold - 07/01/2019
    $1,880,000
    SOLD - 07/01/2019
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 25,860
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2002
    County:

    School Ratings & Info

    Description

    Property is under contract pending inspections. Twenty Four 3 bedroom 2 bath single family homes on individual lots being sold as a package rental community. These homes have separate utilities and title just like any single family home. Rents average Approximately $741.00 each with a high of $867.00 and Low of $615.00. High demand makes these houses very easy to rent to good tenants. Rent roll and P & L are available. Please understand that the owner will not inconvenience the residents with interior inspections until a firm contract, subject to an interior inspection is in place. In this neighborhood and at this price there home would be like having a revolving door. NOTE: This is a KHC Deed Restricted, Low Income Community with 12 years remaining on the restrictions.Sold individually these homes have supporting comparable sales indicating a value in excess of $125,000 each with a bit of updating. They can be sold to an owner occupant by a new owner as long as the purchaser meets the same low income restrictions as a renter. INCOME IS THE ONLY RESTRICTION FOR AN OWNER OCCUPANT. For example, a retiree with a limited income who has cash can buy the house. Once the house is sold on an arms length sale to an owner occupant the deed restrictions are released. So if the owner occupant were to want to rent or sell in the future there are no restrictions. Seller will not divide this offering. The homes are being offered as a package only. Further guidelines for future sales to owner occupants are in documents. See listing agent for details. Listing agent is not owner

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    © 2019 Greater Louisville Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sokoler-Medley Team - RE/MAX Properties East. Data last updated: 2019-11-13T12:58:37.177.
    www.louisvillepropertyonline.com/homes/86457168

    1403-63 Forest Louisville, KY 40219

    • Price: $1,950,000
    • Status: Closed
    • Updated: 47 min ago
    • ID#: 1511507
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    25,860
    SQFT
    $0
    $/SQFT
    2002
    Built
    Neighborhood:
    Indian Forest
    County:
    Jefferson
    Area:
    Buechel/Highview/Okolona/Fern Creek
    Property Description
    Property is under contract pending inspections. Twenty Four 3 bedroom 2 bath single family homes on individual lots being sold as a package rental community. These homes have separate utilities and title just like any single family home. Rents average Approximately $741.00 each with a high of $867.00 and Low of $615.00. High demand makes these houses very easy to rent to good tenants. Rent roll and P & L are available. Please understand that the owner will not inconvenience the residents with interior inspections until a firm contract, subject to an interior inspection is in place. In this neighborhood and at this price there home would be like having a revolving door. NOTE: This is a KHC Deed Restricted, Low Income Community with 12 years remaining on the restrictions.Sold individually these homes have supporting comparable sales indicating a value in excess of $125,000 each with a bit of updating. They can be sold to an owner occupant by a new owner as long as the purchaser meets the same low income restrictions as a renter. INCOME IS THE ONLY RESTRICTION FOR AN OWNER OCCUPANT. For example, a retiree with a limited income who has cash can buy the house. Once the house is sold on an arms length sale to an owner occupant the deed restrictions are released. So if the owner occupant were to want to rent or sell in the future there are no restrictions. Seller will not divide this offering. The homes are being offered as a package only. Further guidelines for future sales to owner occupants are in documents. See listing agent for details. Listing agent is not owner
    Exterior Features

    Construction Brk/VenOther/NaVinyl Covered Parking No Exterior Porch Lot Size 0000 Parking Spaces 48.0 Roof PitchedShingle

    Interior Features

    1st Level Bedrooms 72 1st Level Full Baths 48 1st Level Partial Baths 0 1st Level Rooms 120 1st Level Total Units 24 Above Grade Finished 25860.00 Above Grade Unfin 0.00 Below Grade Finished 0.00 Below Grade Unfin 0.00 Energy Central AirElectric HeatHeat Pump Nonconform Sq Ft Fin 0.00 RFactor Ceiling Yes RFactor Wall Yes Sqft Total Unfin 0.00 Total Units 24.0000 Water Heaters 24.0000

    Property Features

    1st Level Rent 17785.00 City Tax 1.11 County Tax 00 Disclosure No Flood Plain No Furnaces 24.00 Lease Term Mo/Mo Multifamily Sub Type Apartment Municipality Louisville Owner Pays Trash Removal Security Deposit 200 Separate Meters Yes Tenant Pays CableElectricSewerWater Utilities City SewerCity WaterElectricity Connected

    Listing provided courtesy of Re/Max Properties East. © 2019 Metro Search, Inc. All rights reserved.


    © 2019 Greater Louisville Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Sokoler-Medley Team - RE/MAX Properties East. Data last updated: 2019-11-13T12:58:37.177.
     
    The Sokoler-Medley Team - RE/MAX Properties East
    10525 Timberwood Circle
    Louisville KY, 40223