1223 S 2nd St, Louisville, KY 40203

$410,000
2,844
SqFt
List Price
$410,000
MLS#
1534544
Status
ACTIVE
Type
Condo
Total Units
7
City
Louisville
Area
1 - Downtown / Old & West Louisville / Shively
County
Jefferson
Living Area
2,844
Year Built
1900

Property Description

12% cap rate when fully rented! 10% cap rate currently. Property has 7 UNITS! 4 studio apartments and 3 one bedroom apts. Only one vacancy currently. Property shares a fire escape with neighboring property. 4 parking spaces in back of home could be expanded to encompass entire yard to have up to 10. Each unit has its own electric meter.

Additional Information

City Tax Rate
1.6
Construction
Block, Brick, Frame - Wood, Vinyl
Exterior
None
Furnaces
4
Living Area
2,844
Lot Description
Sidewalk
Lot Dimensions
.1622
Municipality
Louisville
Parking Spaces
4
Project Facilities
Laundry Facility
Region
1 - Downtown / Old & West Louisville / Shively
Roof Materials
Shingle
Subdivision
Old Louisville
Tenant Pays
Cable, Electric, Gas, Sewer, Water
Total Units
7
Utilities
City Sewer, City Water, Electric, Fuel:Natural
Waterheaters
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Palazzo REALTORS, LLC.