1906 Dorothy Ave

Description

This well maintained eight unit multifamily property is located in an extremely desirable section of The Highlands, steps from Cherokee Park on a quiet corner, and nestled among luxury single family homes - it does not get better. Each unit is quite large, approx. 850 SF, with a bedroom, a potential second bedroom (or sunroom), plus living room, dining room, kitchen and bathroom. There are hardwood floors throughout and charming built in storage, plus detached garage space for each tenant. LG&E is separately metered, with separate HVAC systems. Coin op laundry and additional tenant storage is also available on site. The roof is new from 2018. Rents are below market and there is significant room to increase revenue. This property is an excellent opportunity to invest in a rare, generational asset that will be a gem in any investment portfolio. The current tenants are mostly long term and pay well under-market rents. There is opportunity to increase revenue significantly.