427 Park

    Louisville, KY 40208
    • $495,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: 1533568
    $495,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,065
      SQFT
    • $70
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1880
    County:

    School Ratings & Info

    Description

    Great multi-family investment opportunity in historic Old Louisville across from Central Park! Beautiful architectural details throughout this six unit complex in the heart of Old Louisville, close to University of Louisville and downtown. Updates and upgrades include completely renovated Unit 6, newer water heater, new roof on carriage house and extensive repair of the main sewer line with an epoxy coating, which will last decades. One lane shared driveway, garage (currently used for storage) and lovely back patio between the main house and carriage house. Rent brings $5,185 monthly and all units are occupied. Owner pays utilities. Laundry hookups and central air conditioning in unit 1 only.Unit 1 in the main house is a large 3-bedroom, 2-bath townhouse style unit with bright living room with hardwood flooring, formal dining room and sunroom facing Central Park, laundry and central air conditioning in unit. Two bedrooms are on first floor and one is on second floor. Currently rented for $1,500 per month. Unit 2 is a 1-bedroom townhouse style unit with kitchenette, also in the main house. Currently rented for $495 per month. Unit 3 is a 1-bedroom, 1-bath carriage house accessed through the second door of the building in the back. Large, updated bathroom and new roof installed May 2019. Currently rented for $695 per month. Unit 4 is a charming 1-bedroom, 1-bath unit on the second floor of the main house, which features a living room, formal dining room and sunroom leading to a quaint Juliette balcony overlooking Central Park and small back deck. Multi-purpose space that could be used for an office or extra storage as well. Currently rented for $1,175. Unit 5 is a studio apartment on the third floor of the main house with one bath and kitchenette. Currently rented for $425 per month. Unit 6, also on the third floor of the main house is a 1-bedroom, 1-bath bright unit with large living room and large rooftop deck overlooking Central Park. Currently rented for $895 per month.

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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: 2019-06-24T23:58:22.843.
    www.louisvillepropertyonline.com/homes/95380745

    427 Park Louisville, KY 40208

    • Price: $495,000
    • Status: Active
    • ID#: 1533568
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,065
    SQFT
    $70
    $/SQFT
    1880
    Built
    Neighborhood:
    Old Louisville
    County:
    Jefferson
    Area:
    Dtwn Old Louisville/Shively/West Lou
    Property Description
    Great multi-family investment opportunity in historic Old Louisville across from Central Park! Beautiful architectural details throughout this six unit complex in the heart of Old Louisville, close to University of Louisville and downtown. Updates and upgrades include completely renovated Unit 6, newer water heater, new roof on carriage house and extensive repair of the main sewer line with an epoxy coating, which will last decades. One lane shared driveway, garage (currently used for storage) and lovely back patio between the main house and carriage house. Rent brings $5,185 monthly and all units are occupied. Owner pays utilities. Laundry hookups and central air conditioning in unit 1 only.Unit 1 in the main house is a large 3-bedroom, 2-bath townhouse style unit with bright living room with hardwood flooring, formal dining room and sunroom facing Central Park, laundry and central air conditioning in unit. Two bedrooms are on first floor and one is on second floor. Currently rented for $1,500 per month. Unit 2 is a 1-bedroom townhouse style unit with kitchenette, also in the main house. Currently rented for $495 per month. Unit 3 is a 1-bedroom, 1-bath carriage house accessed through the second door of the building in the back. Large, updated bathroom and new roof installed May 2019. Currently rented for $695 per month. Unit 4 is a charming 1-bedroom, 1-bath unit on the second floor of the main house, which features a living room, formal dining room and sunroom leading to a quaint Juliette balcony overlooking Central Park and small back deck. Multi-purpose space that could be used for an office or extra storage as well. Currently rented for $1,175. Unit 5 is a studio apartment on the third floor of the main house with one bath and kitchenette. Currently rented for $425 per month. Unit 6, also on the third floor of the main house is a 1-bedroom, 1-bath bright unit with large living room and large rooftop deck overlooking Central Park. Currently rented for $895 per month.
    Exterior Features

    Construction BrickFrame - Wood Covered Parking No Exterior BalconyDeckPatio Lot Size .2755 Acres Parking Spaces 0.0 Roof Shingle

    Interior Features

    1st Level Bedrooms 4 1st Level Full Baths 4 1st Level Partial Baths 0 1st Level Rooms 10 1st Level Total Units 3 2nd Level Bedrooms 2 2nd Level Full Baths 1 2nd Level Partial Baths 0 2nd Level Rooms 7 2nd Level Total Units 1 3rd Level Bedrooms 2 3rd Level Full Baths 2 3rd Level Partial Baths 0 3rd Level Rooms 5 3rd Level Total Units 2 Above Grade Finished 7065.00 Above Grade Unfin 0.00 Below Grade Finished 0.00 Below Grade Unfin 777.00 Energy Central AirGas HeatRadiant HeatWindow/Wall Unit Nonconform Sq Ft Fin 0.00 Sqft Total Unfin 777.00 Total Units 6.0000 Water Heaters 1.0000

    Property Features

    1st Level Rent 2690.00 2nd Level Rent 1175.00 3rd Level Rent 1320.00 City Tax .3538 County Tax .9485 Disclosure Yes Flood Plain No Furnaces 2.00 Lease Term 0 Multifamily Sub Type Apartment Owner Pays ElectricGasWater Project Facilities Additional StrgPets Allowed Security Deposit 0 Separate Meters No Sq Ft Source Appraiser Tenant Pays Cable Utilities City SewerCity WaterElectric

    Listing provided courtesy of Kentucky Select 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: 2019-06-24T23:58:22.843.
     
    The Sokoler-Medley Team - RE/MAX Properties East
    10525 Timberwood Circle
    Louisville KY, 40223