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    414 M

    Louisville, KY 40208
    • $100,000
    • STATUS: Active
    • ON SITE: 55 days
    • ID#: 1565925
    $100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,998
      SQFT
    • $50
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    Description

    Investors new and old, take notice! This is your opportunity to purchase up to two TURN KEY rental properties with updates, 100% occupied, and both are great cash producing assets! This sale is being offer as either a single purchase, or you can have the opportunity to purchase two income properties at once, as an investor special package deal! This individual listing is for 414 M St: A Duplex with a 2 bedroom/1-bathroom first floor unit (Rented for $680/month), and a second-floor unit with 1 bedroom and 1 bathroom that is currently rented for $525 per month, for a total monthly rent of $1,205/month. The sellers have invested in upgrades and repairs to the Duplex: Replacing both furnaces, replacing the back roof, and correcting deferred maintenance by the previous owner since purchasingthe property in 2014. Rents are likely under market for the area, so there is even more income potential for an investor willing to raise rents. The sellers are also offering a 2-bedroom, 1 full bathroom, single-family property that is currently rented for $489 per month, located down the road at 424 M St. Either property can be purchased individually, or you could take the opportunity to purchase both properties as a package deal! That's a total of nearly $1,700 a month of in-place rents. This would be a great opportunity for a new investor or out of town investor, looking for a start in the Louisville rental market with occupied units and strong financials. Sellers have taken good care of both properties, and both assets have been under professional management since the owners' purchased the properties. Sellers have enjoyed their rental income over the past 4-5 years but have decided to liquidate smaller assets to move investment capital to new business opportunities and thus have priced this offering at an investor friendly listing price. Both properties are located near a fast-growing UofL Campus, and Churchill Downs, which is planned to undergo millions of dollars of future investment/improvements; thus, these properties also have a chance to see future appreciation in the area. Showings have been set for three separate pre-scheduled group tours per week. Contact an agent now to set up a showing and to learn more information on a great future asset for a lucky investor!

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    © 2020 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 Homepage Realty 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: 2020-09-29T23:58:15.48.
    www.louisvillepropertyonline.com/homes/108575045
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    414 M Louisville, KY 40208

    • Price: $100,000
    • Status: Active
    • ID#: 1565925
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,998
    SQFT
    $50
    $/SQFT
    1900
    Built
    Neighborhood:
    None
    County:
    Jefferson
    Area:
    Dtwn Old Louisville/Shively/West Lou
    Property Description
    Investors new and old, take notice! This is your opportunity to purchase up to two TURN KEY rental properties with updates, 100% occupied, and both are great cash producing assets! This sale is being offer as either a single purchase, or you can have the opportunity to purchase two income properties at once, as an investor special package deal! This individual listing is for 414 M St: A Duplex with a 2 bedroom/1-bathroom first floor unit (Rented for $680/month), and a second-floor unit with 1 bedroom and 1 bathroom that is currently rented for $525 per month, for a total monthly rent of $1,205/month. The sellers have invested in upgrades and repairs to the Duplex: Replacing both furnaces, replacing the back roof, and correcting deferred maintenance by the previous owner since purchasingthe property in 2014. Rents are likely under market for the area, so there is even more income potential for an investor willing to raise rents. The sellers are also offering a 2-bedroom, 1 full bathroom, single-family property that is currently rented for $489 per month, located down the road at 424 M St. Either property can be purchased individually, or you could take the opportunity to purchase both properties as a package deal! That's a total of nearly $1,700 a month of in-place rents. This would be a great opportunity for a new investor or out of town investor, looking for a start in the Louisville rental market with occupied units and strong financials. Sellers have taken good care of both properties, and both assets have been under professional management since the owners' purchased the properties. Sellers have enjoyed their rental income over the past 4-5 years but have decided to liquidate smaller assets to move investment capital to new business opportunities and thus have priced this offering at an investor friendly listing price. Both properties are located near a fast-growing UofL Campus, and Churchill Downs, which is planned to undergo millions of dollars of future investment/improvements; thus, these properties also have a chance to see future appreciation in the area. Showings have been set for three separate pre-scheduled group tours per week. Contact an agent now to set up a showing and to learn more information on a great future asset for a lucky investor!
    Exterior Features

    Construction ConcreteVinyl Covered Parking No Exterior Porch Lot Description Corner Lot Size 0 Parking Spaces 0.0 Roof Shingle

    Interior Features

    1st Level Bedrooms 2 1st Level Full Baths 1 1st Level Rooms 5 1st Level Total Units 1 2nd Level Bedrooms 1 2nd Level Full Baths 1 2nd Level Rooms 4 2nd Level Total Units 1 Above Grade Finished 1998.00 Above Grade Unfin 0.00 Below Grade Finished 0.00 Below Grade Unfin 0.00 Energy Gas HeatWindow/Wall Unit Nonconform Sq Ft Fin 0.00 Sqft Total Unfin 0.00 Total Units 2.0000 Water Heaters 2.0000

    Property Features

    1st Level Rent 680.00 2nd Level Rent 525.00 City Tax 0 County Tax 1.125 Disclosure Yes Flood Plain No Furnaces 2.00 Lease Term 1 Year Multifamily Sub Type Duplex Owner Pays SewerWater Security Deposit 0 Separate Meters Yes Sq Ft Source Other Tenant Pays CableElectricGasSewer Utilities City SewerCity WaterElectricity ConnectedFuel:Natural

    Listing provided courtesy of Homepage Realty. © 2020 Metro Search, Inc. All rights reserved.


    © 2020 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 Homepage Realty 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: 2020-09-29T23:58:15.48.
     
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    The Sokoler Team - RE/MAX Properties East
    10525 Timberwood Circle
    Louisville KY, 40223