1079 Cherokee Rd,Louisville, KY 40204
Louisville, KY 40204
Description
Located in the highly desirable Cherokee Triangle neighborhood of The Highlands, this triplex offers a rare opportunity to own an income-producing property surrounded by the historic homes and tree-lined streets of Cherokee Road. The property consists of three units: Unit 1 features 2 bedrooms and 1 bathroom, Unit 2 offers 1 bedroom and 1 bathroom, and Unit 3 includes 2 bedrooms and 1.5 bathrooms. All three tenants are long-term, month-to-month residents with rents currently below market, providing a value-add opportunity for investors seeking to increase revenue over time. Utilities are landlord-friendly, with LG&E individually metered and water expenses billed back to the tenants. Perfect for an individual to live in one unit and rent out the other two.
Details
| MLS # | 1720146 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 76 |
| Listing Provided By | GRISANTI GROUP COMMERCIAL REAL ESTATE | Joe Grisanti |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,804 |
| Basement | Y |
| Units | 3 |
| Acreage | 0.14 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40204 |
| Area | 02 Butchertwn | Hghlnds | Germantwn |
| Community Name | HENNING & SPEEDS |
| Listing VS Median (in HENNING & SPEEDS) | |
Price: $650,000 low | high Med: $522,500 sqft: 2,804 low | high Med: 2,298 $ / sqft: $232 low | high Med: $226 On site: 76 low | high Med: 80 | |
Market Activity 40204
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Learn More About This Property
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40204 |
| Area | 02 Butchertwn | Hghlnds | Germantwn |
| Community Name | HENNING & SPEEDS |
| Listing VS Median (in HENNING & SPEEDS) | |
Price: $650,000 low | high Med: $522,500 sqft: 2,804 low | high Med: 2,298 $ / sqft: $232 low | high Med: $226 On site: 76 low | high Med: 80 | |
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