1010 S 3rd St

Description

This Old Louisville multifamily opportunity includes 1010, 1014, 1018, and 1019 S. 3rd St. The four buildings contain up to 57 units. Three buildings have undergone a comprehensive renovation program including selective demolition to enhance unit layouts, fresh exterior paint, new gutters and downspouts, and new energy efficient windows. Interior upgrades feature updated electrical systems, substantial plumbing improvements, new window air conditioning units, and ventless gas heating systems in each unit. Units also received new flooring, modern kitchens with granite, updated cabinetry, new appliance, refreshed bathrooms, and other finishes that support strong tenant demand. The fourth building has been completely gutted and is currently undergoing renovation. The properties benefit from their proximity to major institutional demand drivers, including Spalding University immediately to the north and the University of Louisville just a few blocks to the south. This offering provides investors with the opportunity to purchase all buildings at a discounted price-per-unit, and add value by finishing the vacant building.