1156 S Brook St

Description

REAL ESTATE AUCTION - 4-Unit Condo Portfolio - Old Louisville. Online bidding at: InvestThroughAuction.com | Opens: April 2 at 9:00 AM | Closes: April 9 at 4:00 PM ET. Online Auction! Sells to the highest bidder at or above $450,000. Located at 1156 S Brook Street in Old Louisville, this offering includes four 2-bedroom, 1-bath condominium units sold together as a 4plex, giving investors immediate multiunit scale in a historic, intown neighborhood. The portfolio is currently configured with one longterm renter at $1,043/month and three furnished midterm units at $1,800/month each, producing about $6,400/month in gross income when fully occupied. Three units will be conveyed fully furnished, creating a turnkey setup for midterm tenants such as professionals, faculty, and medical staff, while the longterm unit provides baseline stability. Zoned TNZD in a historic district, the property may be eligible for historic tax credits on qualified improvements in roughly the $20,000-$400,000 range annually, with potential credit amounts around 30% of eligible costs, subject to program rules and buyer verification. The condo structure also creates optional future exit strategies, as an owner can hold as a unified portfolio now while preserving the flexibility to sell units individually over time. Old Louisville's historic architecture, treelined streets, and proximity to the University of Louisville, downtown, parks, and major employers support consistent demand for both longterm and midterm rentals. The walkable setting near dining, culture, and transit enhances the property's appeal to renters seeking character and convenience. This property is being sold at real estate auction with online bidding at InvestThroughAuction.com from April 2 at 9:00 AM until bids begin closing April 9 at 4:00 PM ET, with a 10% buyer's premium added to the high bid. Buyers should review all auction terms and due diligence materials and complete any inspections prior to bidding. Buyer to verify all details.