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1518 W Oak

Louisville, KY 40210
  • $514,900
  • STATUS: Active
  • ON SITE: 59 Days
  • ID#: 1629427
UPDATED: 101 min ago
$514,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,800
    SQFT
  • $107
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2001
County:

School Ratings & Info

Description

Property comes with additional lot so address is actually 1518 and 1522 W Oak Street. Only 22 years young. All identical 3BR/1BA units. Currently has 4 leased and 2 with upcoming vouchers which will mean it will be fully leased shortly once S8 inspections are complete. Once an accepted contract is achieved, all units will be shown within 3 business days to give appropriate notice to residents and to show all at once for review & approval. Rent roll is attached with pending units written in at $995 per unit. Landlord pays all LGE/water/sewer/garbage. Property is sold in AS IS/WHERE IS condition with all faults and with no warranties or guarantees. Nice sized units with large kitchens, generous living rooms and reasonable bedrooms. In-unit W/D hookups. Central Air/Separate Meters.Range and refrigerator provided. Exterior Decking refurbished in 2018 and again with some new spindles in 2022. Large parking lot behind building (alley access). Extra lot provides green space for residents. Successful and proven rental. Buyers must be preapproved (not prequalified) for a conventional loan that will carry a 6 unit building - please submit with the contract. Investors note: Significant upside & value added - separate meters for LGE...when new leases are signed if tenants pay their own utilities, yield is much better!

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© 2023 Metro Search Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than The Sokoler Team - RE/MAX Properties East are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Data last updated: 2023-03-25T23:58:10.267.
www.louisvillepropertyonline.com/homes/136449676
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1518 W Oak Louisville, KY 40210

  • Price: $514,900
  • Status: Active
  • On Site: 59 Days
  • Updated: 101 min ago
  • ID#: 1629427
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,800
SQFT
$107
$/SQFT
2001
Built
Neighborhood:
None
County:
Jefferson
Area:
Dtwn Old Louisville/Shively/West Lou
Property Description
Property comes with additional lot so address is actually 1518 and 1522 W Oak Street. Only 22 years young. All identical 3BR/1BA units. Currently has 4 leased and 2 with upcoming vouchers which will mean it will be fully leased shortly once S8 inspections are complete. Once an accepted contract is achieved, all units will be shown within 3 business days to give appropriate notice to residents and to show all at once for review & approval. Rent roll is attached with pending units written in at $995 per unit. Landlord pays all LGE/water/sewer/garbage. Property is sold in AS IS/WHERE IS condition with all faults and with no warranties or guarantees. Nice sized units with large kitchens, generous living rooms and reasonable bedrooms. In-unit W/D hookups. Central Air/Separate Meters.Range and refrigerator provided. Exterior Decking refurbished in 2018 and again with some new spindles in 2022. Large parking lot behind building (alley access). Extra lot provides green space for residents. Successful and proven rental. Buyers must be preapproved (not prequalified) for a conventional loan that will carry a 6 unit building - please submit with the contract. Investors note: Significant upside & value added - separate meters for LGE...when new leases are signed if tenants pay their own utilities, yield is much better!
Exterior Features

Construction Vinyl Covered Parking No Exterior None Garage YN No Lot Description See RemarksSidewalk Lot Size 73X156.25 Parking Spaces 4.0 Roof Shingle

Interior Features

1st Level Bedrooms 6 1st Level Full Baths 2 1st Level Partial Baths 0 1st Level Rooms 10 1st Level Total Units 6 2nd Level Bedrooms 6 2nd Level Full Baths 2 2nd Level Partial Baths 0 2nd Level Rooms 10 2nd Level Total Units 2 3rd Level Bedrooms 6 3rd Level Full Baths 2 3rd Level Partial Baths 0 3rd Level Rooms 10 3rd Level Total Units 2 Above Grade Finished 4800.00 Above Grade Unfin 0.00 Below Grade Finished 0.00 Below Grade Unfin 0.00 Energy # Of Hvac UnitsForced AirNatural Gas First Floor Laundry No Nonconform Sq Ft Fin 0.00 Sqft Total Unfin 0.00 Total Units 6.0000 Water Heaters 6.0000

Property Features

1st Level Rent 1718.00 2nd Level Rent 1050.00 3rd Level Rent 995.00 City Tax 0 County Tax 1.2 Disclosure No Flood Plain No Furnaces 6.00 HOAAnnual Amount 0 Lease Term Annual Multifamily Sub Type Apartment Owner Pays ElectricGasSee RemarksSewerTrash RemovalWater Security Deposit 860 Separate Meters Yes Sq Ft Source Other Tenant Pays Cable Utilities City SewerCity WaterElectricity ConnectedFuel:Natural

Listing provided courtesy of Great Space Louisville Llc: (502) 314-7600. © 2023 Metro Search, Inc. All rights reserved.


© 2023 Metro Search Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than The Sokoler Team - RE/MAX Properties East are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Data last updated: 2023-03-25T23:58:10.267.
 
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The Sokoler Team - RE/MAX Properties East
10525 Timberwood Circle
Louisville KY, 40223