1403-63 Forest
Louisville, KY 40219

Description

Property is under contract pending inspections. Twenty Four 3 bedroom 2 bath single family homes on individual lots being sold as a package rental community. These homes have separate utilities and title just like any single family home. Rents average Approximately $741.00 each with a high of $867.00 and Low of $615.00. High demand makes these houses very easy to rent to good tenants. Rent roll and P & L are available. Please understand that the owner will not inconvenience the residents with interior inspections until a firm contract, subject to an interior inspection is in place. In this neighborhood and at this price there home would be like having a revolving door. NOTE: This is a KHC Deed Restricted, Low Income Community with 12 years remaining on the restrictions. Sold individually these homes have supporting comparable sales indicating a value in excess of $125,000 each with a bit of updating. They can be sold to an owner occupant by a new owner as long as the purchaser meets the same low income restrictions as a renter. INCOME IS THE ONLY RESTRICTION FOR AN OWNER OCCUPANT. For example, a retiree with a limited income who has cash can buy the house. Once the house is sold on an arms length sale to an owner occupant the deed restrictions are released. So if the owner occupant were to want to rent or sell in the future there are no restrictions. Seller will not divide this offering. The homes are being offered as a package only. Further guidelines for future sales to owner occupants are in documents. See listing agent for details. Listing agent is not owner

Details

MLS#1511507
Sub-TypeResale
StatusActive
Year2011
Days On Site225

Features

SQ Feet25,860
Units24
Building(s)1

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Area Information

StateKY
CountyJefferson
CityLouisville
Zip Code40219
Listing VS Median (in 40219)
Price:
$1,950,000
low | high
Med:
$156,950
100% of Average
SqFt:
25,860
low | high
Med:
1,359
100% of Average
$ / SqFt:
$75
low | high
Med:
$121
10.629844587706% of Average
On Site:
225
low | high
Med:
8.5
100% of Average
Listing Updated: 03/22/2019
MLS Number: 1511507
Listing Provided By:
David L Parks  of  RE MAX Properties East