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MLS#: 1525825

3105 Springfield

Louisville, KY 40214

$600,000

12Beds
6Baths
10,290Sqft
1972Year Built
167DOM

Amazing Real Estate Investment opportunity! If you are interested in investing in real estate, both apartment buildings offer more than $90,000 income per year and each has good rental history as well. Rent for each unit has been between $650 to $700 with 90 -100% occupancy. Cap rate is around 9% and return of investment within 5 years would be around 18%. There is one section 8 unit and 4 tenants have been there more than 8 years. Each building has 6 units, each with their own deed. Each unit also has a separate water meter, gas, and common area electric meter. There is a total of 12 units, 6 in each building. Each unit is a 2-bedroom, 1 bathroom, and each has a laundry in the unit. Most units have hardwood flooring and all units have been updated in last 3 years.Each water heater and HVAC systems have been replaced, maintained and serviced as needed. Windows were replaced within the last 5 years and both roofs are less than 5 years old. There is ample parking space around both buildings.

Essential Information

  • MLS® #1525825
  • Price$600,000
  • Bedrooms12
  • Bathrooms6.00
  • Full Baths6
  • Square Footage10,290
  • Year Built1972
  • TypeMultifamily
  • Sub-TypeApartment
  • StatusActive

Community Information

Area

Auburndale/Fairdale/Iroquois Prk/Shively

Amenities

  • Parking Spaces6

Utilities

County Water, Electric, Fuel:Natural, City Sewer, City Water

Exterior

  • Exterior FeaturesSee Remarks
  • RoofAsphalt Shingle
  • ConstructionBrick

Listing Details

Office

Weichert Realtors - ABG Properties

Detailed Map of 3105 Springfield, Louisville KY

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Price Change History for 3105 Springfield, Louisville, KY (MLS® #1525825)

Date Details Change
Price Reduced from $614,000 to $600,000 $14,000 (2.28%)
Price Reduced from $626,000 to $614,000 $12,000 (1.92%)
Price Reduced from $636,000 to $626,000 $10,000 (1.57%)
Price Reduced from $650,000 to $636,000 $14,000 (2.15%)
Price Reduced from $690,000 to $650,000 $40,000 (5.80%)
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Information deemed Reliable but Not Guaranteed. © Metro Search, Inc. All Rights Reserved.

Listing information last updated on August 18th, 2019 at 9:00am EDT.