JERRY SIMS - Coldwell Banker McMahan
4001 S Third
Louisville, KY 40214

Description

Four properties in the South Third Street Corridor near Churchill Downs consisting of a five-plex (4001 South 3rd), an eight-plex (3944-46 South 3rd), a duplex (4103 South 3rd), and a single family home (4118 South 3rd). Seller can make this portfolio larger with additional owned rental properties nearby and elsewhere and will consider offers on individual properties in the portfolio. All are located within 2 blocks of one another in this popular rental neighborhood. Solid existing rent roll (only two vacancies and three units that need completion work to be held vacant for showing purposes available 12-5 PM Monday-Friday, (showings of all properties available with accepted offer). CHECK THE DOCUMENTS TAB ON THE PORTFOLIO WEBSITE FOR A COMPLETE LIST OF PROPERTY IMPROVEMENTS. Most kitchen appliances provided by landlord. Being offered at a 9 CAP rate based on 2017 estimated financials, even though 2017 figures include substantial upgrade costs. Many upgrades completed in past 5 years. Don't delay - this portfolio will sell quickly.

Details

MLS#1512269
Sub-TypeResale
StatusActive
Year1900
Days On Site91

Features

SQ Feet11,032
Units16
Building(s)1

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Area Information

StateKY
CountyJefferson
CityLouisville
Zip Code40214
Listing VS Median (in 40214)
Price:
$620,000
low | high
Med:
$135,000
100% of Average
SqFt:
11,032
low | high
Med:
1,358
100% of Average
$ / SqFt:
$56
low | high
Med:
$102
32.252460412401% of Average
On Site:
91
low | high
Med:
6.5
100% of Average
Listing Updated: 11/17/2018
MLS Number: 1512269
Listing Provided By:
Donald R Erler  of  Don Erler Real Estate Broker