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MLS#: 1560817

1614 S 3rd

Louisville, KY 40208

$315,000

8Beds
4Baths
3,642Sqft
1893Year Built
42DOM

Great income-maker, with an opportunity for an OWNER-OCCUPIED unit on first floor! This brick 4-plex in historic OLD LOUISVILLE is just 1 to 3 blocks from UofL's main campus, duPont Manual High School and Noe Middle School and is in a terrific location for rent potential and steady occupancy. Current rent roll is $1,965/mo, with 2 leases ending in 2021, one in the fall 2020, and unit 1 unrented (historic rate for unit 1 is $1,200 to 1,300/mo)...which makes $3,165+/mo when fully rented. Unit 1 is the largest, with 3 BR, 1 Ba, W/D hookups, private fenced area in backyard with a shed, deck and hot tub (currently not functional, conveyed as-is). Unit 2 and Unit 4 are both 2 BR/1Ba. Unit 3 is 1 BR/1Ba. There is off street parking for 5 cars on the back of the building.Seller has updated electric, HVAC and some windows since 2014. New paint, some new appliances, some new portable AC units, some flooring more recently. $10K sewer line installed within last two years. Unit 1 is unoccupied and being painted and repaired; should be complete within 2 or 3 weeks according to property manager. Square footage was taken from PVA to limit the amount of time strangers are in rented units, thus it is approximate--note that some non-conforming square footage automatically exists anywhere sloped ceiling heights are below 5 feet. Per tenants rights, at least 48-hour notice is required to show any/all occupied units.

Essential Information

  • MLS® #1560817
  • Price$315,000
  • Bedrooms8
  • Bathrooms4.00
  • Full Baths4
  • Square Footage3,642
  • Year Built1893
  • TypeMultifamily
  • Sub-TypeQuadraplex
  • StatusPending

Community Information

Area

Dtown/Old Louisville/Shively/West Lou

Amenities

  • Parking Spaces5

Utilities

City Sewer, City Water, Electric, Fuel:Natural

Exterior

  • Exterior FeaturesDeck, Hot Tub, Out Buildings
  • Lot DescriptionSidewalk
  • RoofShingle
  • ConstructionBrick

Listing Details

  • OfficeSemonin REALTORS

Detailed Map of 1614 S 3rd, Louisville KY

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Listing information last updated on July 13th, 2020 at 4:45am EDT.