$270,000
$270,000
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2,880 SqFt
SOLD DATE : 10/19/2023
Key Details
Sold Price $270,000
Property Type Multi-Family
Sub Type Quadplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $93
Subdivision Churchill
MLS Listing ID 1646746
Sold Date 10/19/23
Style Bungalow
HOA Y/N No
Abv Grd Liv Area 1,827
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1925
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Investors don't miss out on this absolute gem of a 4-plex conveniently located on Taylor Blvd just minutes from Churchill Downs and University of Louisville. Many repairs and improvements have been made over the last 5 years, and when fully rented this cash cow brings in well over $3,000 in monthly rents. Updates since 2018 include new baths & kitchens featuring subway tile backsplashes and accents; new siding, roof, gutters, windows, insulation, electrical and plumbing; and the rear deck and staircase were also completely rebuilt. The property has 2 HVAC systems (one system services the basement and first floor units, the 2nd system services Unit 4 on the 2nd floor), and 2 forty-gallon water heaters, all installed in 2018. Unit #1 is located in the basement and is a one-bedroom unit that is currently rented for $701/month. Unit #2 is accessed off the covered front porch and was completely renovated in 2023 with new LVP floors, kitchen cabinets and appliances, and is a one bedroom unit that last rented for $795/mo. (prior to renovations). Unit #3 is a studio unit accessed from the rear deck also with hardwood floors, last rented for $700/month. Finally, unit #4 entry is off the large rear deck on the 2nd floor, offers two bedrooms and hardwood floors, and was last rented for $850/month. Seller pays all utilities. There is an outbuilding on the rear of the lot for extra storage that could potentially be converted to a usable garage, and there is a curb cut-in at the side street which would allow the owner to create designated off-street parking. The large yard has also been used to generate extra revenue during the Kentucky Derby by parking cars.
Location
State KY
County Jefferson
Direction Watterson Expressway (I-264) - North on Taylor Blvd and left to street - on corner of Taylor and Weller.
Exterior
Exterior Feature Deck, Porch
Garage Spaces 1.0
View Y/N No
Roof Type Shingle
Garage Yes
Building
Lot Description Corner, Sidewalk
Architectural Style Bungalow
Structure Type Vinyl Siding,Brick
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