4001 S Third

    Louisville, KY 40214
    • $620,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: 1512269
    UPDATED: 22 min ago
    $620,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,032
      SQFT
    • $56
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1918
    County:

    School Ratings & Info

    Description

    Four properties in the South Third Street Corridor near Churchill Downs consisting of a five-plex (4001 South 3rd), an eight-plex (3944-46 South 3rd), a duplex (4103 South 3rd), and a single family home (4118 South 3rd). Seller can make this portfolio larger with additional owned rental properties nearby and elsewhere and will consider offers on individual properties in the portfolio. All are located within 2 blocks of one another in this popular rental neighborhood. Solid existing rent roll (only two vacancies and three units that need completion work to be held vacant for showing purposes available 12-5 PM Monday-Friday, (showings of all properties available with accepted offer). CHECK THE DOCUMENTS TAB ON THE PORTFOLIO WEBSITE FOR A COMPLETE LIST OF PROPERTY IMPROVEMENTS.Most kitchen appliances provided by landlord. Being offered at a 9 CAP rate based on 2017 estimated financials, even though 2017 figures include substantial upgrade costs. Many upgrades completed in past 5 years. Don't delay - this portfolio will sell quickly.

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    © 2018 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: 2018-10-23T12:58:26.16.
    www.louisvillepropertyonline.com/homes/86701874

    4001 S Third Louisville, KY 40214

    • Price: $620,000
    • Status: Active
    • Updated: 22 min ago
    • ID#: 1512269
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    11,032
    SQFT
    $56
    $/SQFT
    1918
    Built
    Neighborhood:
    None
    County:
    Jefferson
    Area:
    Dtwn Old Louisville/Shively/West Lou
    Property Description
    Four properties in the South Third Street Corridor near Churchill Downs consisting of a five-plex (4001 South 3rd), an eight-plex (3944-46 South 3rd), a duplex (4103 South 3rd), and a single family home (4118 South 3rd). Seller can make this portfolio larger with additional owned rental properties nearby and elsewhere and will consider offers on individual properties in the portfolio. All are located within 2 blocks of one another in this popular rental neighborhood. Solid existing rent roll (only two vacancies and three units that need completion work to be held vacant for showing purposes available 12-5 PM Monday-Friday, (showings of all properties available with accepted offer). CHECK THE DOCUMENTS TAB ON THE PORTFOLIO WEBSITE FOR A COMPLETE LIST OF PROPERTY IMPROVEMENTS.Most kitchen appliances provided by landlord. Being offered at a 9 CAP rate based on 2017 estimated financials, even though 2017 figures include substantial upgrade costs. Many upgrades completed in past 5 years. Don't delay - this portfolio will sell quickly.
    Exterior Features

    Construction BlockFrame - Wood Covered Parking No Exterior BalconyDeckPatio Lot Description CornerSidewalk Lot Size 0.4861 Parking Spaces 0.0 Roof Asphalt Shingle

    Interior Features

    1st Level Total Units 8 2nd Level Total Units 7 3rd Level Total Units 1 Above Grade Finished 11032.00 Above Grade Unfin 0.00 Basement Level Total Units 0 Below Grade Finished 0.00 Below Grade Unfin 0.00 Energy Central AirGas HeatWindow/Wall Unit Nonconform Sq Ft Fin 0.00 Sqft Total Unfin 0.00 Total Units 16.0000 Water Heaters 16.0000

    Property Features

    City Tax 3208 County Tax 0 Disclosure No Flood Plain No Furnaces 16.00 Lease Term Annual Leases Multifamily Sub Type Apartment Owner Pays SewerWater Security Deposit Yes For Some Separate Meters Yes Sq Ft Source Pva Tenant Pays Electric Utilities City SewerCity WaterElectricFuel:Natural

    Listing provided courtesy of Don Erler Real Estate Broker. © 2018 Metro Search, Inc. All rights reserved.


    © 2018 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: 2018-10-23T12:58:26.16.
     
    The Sokoler-Medley Team - RE/MAX Properties East
    10525 Timberwood Circle
    Louisville KY, 40223