952 6th St Louisville, KY 40203

Listing details for 952 6th St, Louisville, KY 40203 : **Seller offering $5k closing credit** Great opportunity to buy a cash flowing 5 unit building in an excellent rental market in Old Louisville / Limerick. This property stays consistently 100% occupied with total rents = $3,875/mth. All tenants in good standing. Current ownership has invested heavily into this sturdy brick building - notably renovating 4 of 5 units, new roof, and upgrading HVAC to electric mini-split systems in each unit. Units consist of three 1bd units & 2 studio units. All 5 units have spacious layouts and are of high demand. The property has one large water heater and electric panel in the basement. The property is not currently separately metered for electric or water. Therefore, experienced investors will notice there's room for substantial increase in rents & profitability by releasing and/or upgrading to separately metered utilities. Market rent for the updated units is ~$800 + tenant pays electric/gas. The property is professionally managed therefore sellers are not aware of large deferred maintenance items. Original buyer's financing fell through after inspections.**no seller or creative financing**