$410,000

1223 S 2nd

Louisville KY, 40203

Description

12% cap rate and property fully rented !!! Rents total $4100 per month. Property has 7 UNITS! 4 studio apartments and 3 one bedroom apts. Only one vacancy currently and 5 are leased until 8-1-2020. 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 tenant pays electric, gas, water and trash.

Details

MLS#1534544
Sub-TypeResale
StatusActive
Year1900
Days On Site179

Features

SQ Feet2,844
Units7
Building(s)1

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Area Information

StateKY
CountyJefferson
CityLouisville
Zip Code40203
Listing VS Median (in 40203)
Price:
$410,000
low | high
Med:
$139,250
100% of Average
SqFt:
2,844
low | high
Med:
918
100% of Average
$ / SqFt:
$144
low | high
Med:
$153
43.754719629975% of Average
On Site:
179
low | high
Med:
29
100% of Average
Listing Updated: 12/06/2019
MLS Number: 1534544
Listing Provided By:
Rhonda Palazzo  of  Palazzo REALTORS LLC