3105 Springfield

    Louisville, KY 40214
    • $600,000
    • STATUS: Pending
    • ON SITE: 252 days
    • ID#: 1525825
    Pending
    UPDATED: 43 min ago
    $600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,290
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Ratings & Info

    Description

    Amazing Real Estate Investment opportunity! If you are interested in investing in real estate, both apartment buildings offer more than $90,000 income per year and each has good rental history as well. Rent for each unit has been between $650 to $700 with 90 -100% occupancy. Cap rate is around 9% and return of investment within 5 years would be around 18%. There is one section 8 unit and 4 tenants have been there more than 8 years. Each building has 6 units, each with their own deed. Each unit also has a separate water meter, gas, and common area electric meter. There is a total of 12 units, 6 in each building. Each unit is a 2-bedroom, 1 bathroom, and each has a laundry in the unit. Most units have hardwood flooring and all units have been updated in last 3 years.Each water heater and HVAC systems have been replaced, maintained and serviced as needed. Windows were replaced within the last 5 years and both roofs are less than 5 years old. There is ample parking space around both buildings.

    Monthly Payment Calculator



    © 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: 2019-11-12T21:58:15.1.
    www.louisvillepropertyonline.com/homes/92327987

    3105 Springfield Louisville, KY 40214

    • Price: $600,000
    • Status: Pending
    • Updated: 43 min ago
    • ID#: 1525825
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    10,290
    SQFT
    $0
    $/SQFT
    1972
    Built
    Neighborhood:
    None
    County:
    Jefferson
    Area:
    Auburndale/Fairdale/Iroquois Prk/Shively
    Property Description
    Amazing Real Estate Investment opportunity! If you are interested in investing in real estate, both apartment buildings offer more than $90,000 income per year and each has good rental history as well. Rent for each unit has been between $650 to $700 with 90 -100% occupancy. Cap rate is around 9% and return of investment within 5 years would be around 18%. There is one section 8 unit and 4 tenants have been there more than 8 years. Each building has 6 units, each with their own deed. Each unit also has a separate water meter, gas, and common area electric meter. There is a total of 12 units, 6 in each building. Each unit is a 2-bedroom, 1 bathroom, and each has a laundry in the unit. Most units have hardwood flooring and all units have been updated in last 3 years.Each water heater and HVAC systems have been replaced, maintained and serviced as needed. Windows were replaced within the last 5 years and both roofs are less than 5 years old. There is ample parking space around both buildings.
    Exterior Features

    Construction Brick Covered Parking No Exterior See Remarks Lot Size .50 Parking Spaces 6.0 Roof Asphalt

    Interior Features

    1st Level Bedrooms 4 1st Level Full Baths 2 1st Level Rooms 6 1st Level Total Units 2 2nd Level Bedrooms 4 2nd Level Full Baths 2 2nd Level Rooms 6 2nd Level Total Units 2 3rd Level Bedrooms 4 3rd Level Full Baths 2 3rd Level Rooms 8 3rd Level Total Units 3 Above Grade Finished 6860.00 Above Grade Unfin 0.00 Below Grade Finished 3430.00 Below Grade Unfin 0.00 Energy Central AirForced Air Heat Nonconform Sq Ft Fin 0.00 RFactor Ceiling No RFactor Wall No Sqft Total Unfin 0.00 Total Units 6.0000 Water Heaters 6.0000

    Property Features

    City Tax 0 County Tax 0.096 Disclosure Yes Flood Plain No Furnaces 6.00 Lease Term Lease Multifamily Sub Type Apartment Owner Pays Trash Removal Security Deposit 0 Separate Meters Yes Sq Ft Source List Agent Tenant Pays SewerWater Utilities City SewerCity WaterCounty WaterElectricity ConnectedFuel:Natural

    Listing provided courtesy of Weichert Realtors - Abg Properties. © 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: 2019-11-12T21:58:15.1.
     
    The Sokoler-Medley Team - RE/MAX Properties East
    10525 Timberwood Circle
    Louisville KY, 40223