Louisville, KY 40203,320 E College St
Louisville, KY 40203,320 E College St
Louisville, KY 40203,320 E College St
Louisville, KY 40203,320 E College St
Louisville, KY 40203,320 E College St
Louisville, KY 40203,320 E College St
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$505,000

$550,000

8.2%
Est.Price: ?

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Est. payment /mo

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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Greater Louisville MLS (Metro Search Inc)
Listed by RE/MAX Premier Properties
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