$505,000
$550,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
3,731 SqFt
SOLD DATE : 08/01/2022
Key Details
Sold Price $505,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,731 sqft
Price per Sqft $135
Subdivision Butchertown
MLS Listing ID 1613698
Sold Date 08/01/22
Style Traditional
HOA Y/N No
Abv Grd Liv Area 3,731
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1870
Lot Size 6,098 Sqft
Acres 0.14
Property Description
This is an extraordinary turn-key investment opportunity for the next lucky owner. Established cash flow, updated throughout, fully furnished, 100% occupied, and continuously increasing demand.
Please note that the 322 E. College lot is also included in the sale for a total land area of over 10,000 square feet!
It's quite a substantial property at 3,701 sq. ft. above and bonus unfinished space below. It's conveniently located in the Jackson-Smoketown area between UL's main campus and downtown. It's been an incredibly appealing housing option for traveling nurses and other Airbnb bookings.
A few of the tenants have liked the arrangement so much that they've lived here for over 7 years! Zoned C-2 and set on an enormous lot, it can be configured a number of different ways. Th possibilities are limitless. It's currently set up with 10 individual fully furnished efficiency units, a large communal kitchen and laundry, and another room which was converted to storage to support the Airbnb business. Extensive renovations and updates throughout make this a low maintenance addition to your portfolio. There are 4 bedrooms and 2 full baths on the top level, 3 bedrooms and 2 full baths on the 2nd level, and another 3 bedrooms, 2 full baths and 1 half bath on the first floor. On-site video surveillance/security system throughout the entire property, inside and out. Off street parking. The current property manager is an absolute rock star.
Location
State KY
County Jefferson
Direction South Preston or South Floyd to Street
Interior
Heating Electric, Forced Air
Cooling Central Air
Exterior
Exterior Feature Out Buildings, Balcony, Deck, Porch
View Y/N No
Roof Type Asphalt,Rolled/Hot Mop
Garage No
Building
Building Description Brick, Laundry Facility
Architectural Style Traditional
Structure Type Brick
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