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MLS#: 1511507

1403-63 Forest

Louisville, KY 40219

$1,950,000

72Beds
48Baths
25,860Sqft
2011Year Built
281DOM

Property is under contract pending inspections. Twenty Four 3 bedroom 2 bath single family homes on individual lots being sold as a package rental community. These homes have separate utilities and title just like any single family home. Rents average Approximately $741.00 each with a high of $867.00 and Low of $615.00. High demand makes these houses very easy to rent to good tenants. Rent roll and P & L are available. Please understand that the owner will not inconvenience the residents with interior inspections until a firm contract, subject to an interior inspection is in place. In this neighborhood and at this price there home would be like having a revolving door. NOTE: This is a KHC Deed Restricted, Low Income Community with 12 years remaining on the restrictions.Sold individually these homes have supporting comparable sales indicating a value in excess of $125,000 each with a bit of updating. They can be sold to an owner occupant by a new owner as long as the purchaser meets the same low income restrictions as a renter. INCOME IS THE ONLY RESTRICTION FOR AN OWNER OCCUPANT. For example, a retiree with a limited income who has cash can buy the house. Once the house is sold on an arms length sale to an owner occupant the deed restrictions are released. So if the owner occupant were to want to rent or sell in the future there are no restrictions. Seller will not divide this offering. The homes are being offered as a package only. Further guidelines for future sales to owner occupants are in documents. See listing agent for details. Listing agent is not owner

Essential Information

  • MLS® #1511507
  • Price$1,950,000
  • Bedrooms72
  • Bathrooms48.00
  • Full Baths48
  • Square Footage25,860
  • Year Built2011
  • TypeMultifamily
  • Sub-TypeApartment
  • StatusPending

Community Information

Area

Buechel/Highview/Okolona/FernCreek

Amenities

  • Parking Spaces48

Utilities

City Sewer, City Water, Electric

Exterior

  • Exterior FeaturesPorch
  • RoofShingle, Pitched
  • ConstructionBrick Veneer, Vinyl, Other/NA

Listing Details

  • OfficeRE/MAX Properties East

Detailed Map of 1403-63 Forest, Louisville KY

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Price Change History for 1403-63 Forest, Louisville, KY (MLS® #1511507)

Date Details Change
Price Reduced from $2,040,000 to $1,950,000 $90,000 (4.41%)
Price Reduced from $2,136,000 to $2,040,000 $96,000 (4.49%)

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More about 1403-63 Forest

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 Coldwell Banker McMahan Co. 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.

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Listing information last updated on May 23rd, 2019 at 2:30pm EDT.