1122 Garvin Pl,Louisville, KY 40203
Louisville, KY 40203
Description
The Old Louisville Flats. This 32-unit apartment building represents a highly desirable, historically stable asset class with significant value-add potential. Long-term family ownership means pride in ownership with this extremely well-cared-for property. Property Overview & Investment Highlights 32 one-bedroom apartments plus one bonus on-site manager's space in the basement. Located in the historic Old Louisville area, known for its high density of Victorian architecture and strong tenant demand driven by proximity to the University of Louisville, Spalding University, and downtown employment hubs. Value-Add Potential: The "upside in rents" indicates an opportunity to implement easy upgrades to capture market-rate premiums. On-site laundry facilities provide immediate auxiliary income and serve as a vital amenity for the tenants.
Details
| MLS # | 1721984 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 92 |
| Listing Provided By | Weichert Realtors - ABG | William M Friel |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 17,404 |
| Basement | Y |
| Units | 32 |
| Acreage | 0.48 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40203 |
| Area | 00 Central Downtown District | Old Louisville |
| Community Name | OLD LOUISVILLE |
| Listing VS Median (in OLD LOUISVILLE) | |
Price: $2,599,000 low | high Med: $396,500 sqft: 17,404 low | high Med: 3,284 $ / sqft: $149 low | high Med: $121 On site: 92 low | high Med: 23.5 | |
Market Activity 40203
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Learn More About This Property
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40203 |
| Area | 00 Central Downtown District | Old Louisville |
| Community Name | OLD LOUISVILLE |
| Listing VS Median (in OLD LOUISVILLE) | |
Price: $2,599,000 low | high Med: $396,500 sqft: 17,404 low | high Med: 3,284 $ / sqft: $149 low | high Med: $121 On site: 92 low | high Med: 23.5 | |
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