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1279 S Preston St

Louisville, KY 40203
  • $470,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: 1653753
UPDATED: 30 min ago
$470,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,688
    SQFT
  • $100
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:

School Ratings & Info

Description

Check out this updated cash flowing 7 Plex. This building has been significantly renovated over the past several years with four units rehabbed and rented out to Veterans using the metro section 8 voucher program. The C2 zoning allows for a great deal of flexibility with this building for opportunities for short term rentals, retail, office space or continued multifamily housing. 2024 voucher increases are a plus for this building and opportunity to rehab and increase rents for several more units. Located in the up and coming area of Shelby Park, this multifamily is a perfect addition to an existing portfolio or a great way to start to build a portfolio. Property Professionally managed. Current rent roll is $5,000/month with gross potential after renting last unit increases to $5,925/month. Property has electric water heater paid by owner. All units metered out for electric. Rent Roll and financials available upon request.

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© 2024 Metro Search Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than WSG Homes and Properties | Keller Williams Louisville East are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Data last updated: 2024-02-27T20:59:51.98.
www.wsghomesandproperties.com/homes/147189843
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1279 S Preston St Louisville, KY 40203

  • Price: $470,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 30 min ago
  • ID#: 1653753
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,688
SQFT
$100
$/SQFT
1890
Built
Neighborhood:
None
County:
Jefferson
Area:
02-Butchertwn/Hghlnds/Germantwn
Property Description
Check out this updated cash flowing 7 Plex. This building has been significantly renovated over the past several years with four units rehabbed and rented out to Veterans using the metro section 8 voucher program. The C2 zoning allows for a great deal of flexibility with this building for opportunities for short term rentals, retail, office space or continued multifamily housing. 2024 voucher increases are a plus for this building and opportunity to rehab and increase rents for several more units. Located in the up and coming area of Shelby Park, this multifamily is a perfect addition to an existing portfolio or a great way to start to build a portfolio. Property Professionally managed. Current rent roll is $5,000/month with gross potential after renting last unit increases to $5,925/month. Property has electric water heater paid by owner. All units metered out for electric. Rent Roll and financials available upon request.
Exterior Features

Architectural Style Select One Construction Materials Vinyl Siding Exterior Features None Roof Shingle

Interior Features

Above Grade Finished Area 4688 Below Grade Finished Area 0 Building Area Total 4688 Cooling Central Air Cooling YN Yes Heating ElectricForced AirNatural GasHeat PumpMiniSplit/Ductless Heating YN Yes

Property Features

1st Level Total Units 6 2nd Level Total Units 1 Association Fee 0 Association YN No Garage YN No Lot Size Area 0 Lot Size Dimensions 0 Property Description Parking Spaces 0 Property Description Style Select One Property Description Term Lease 12 Month Property Sub Type Apartment Utilities City SewerCity Water

Listing provided courtesy of PML Real Estate Group LLC: (502) 895-9136. © 2024 Metro Search, Inc. All rights reserved.


© 2024 Metro Search Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than WSG Homes and Properties | Keller Williams Louisville East are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Data last updated: 2024-02-27T20:59:51.98.
 
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WSG Homes and Properties | Keller Williams Louisville East
10515 Fischer Park Drive
Louisville KY, 40241