1403 S 2nd

Description

Old Louisville 5-unit Investment Opportunity. Potential Condo Conversion!! Consists of: 1403 S. 2nd Street (4 plex) and 1403R S. 2ndSt (1 unit cottage house) Beveled glass, natural wood work, beamed ceilings, original mantels, refinished hardwood floors, exposed brick, long-term ownership/self-managed, next to Magnolia Park. The building consists of: Three (1-bedroom apartments), One (1-bedroom 1.5 bath, townhouse) & One (1-bedroom cottage house), New Roof 2019, New main Water Line 2018, Landlord pays house electric, tenants pay LG&E. 1403 S. 2nd Street - Parcel# 033B01400000 (3,007 Sq ft, 4 units) 1403R S. 2nd Street - Parcel# 033B01400000 (578 Sq ft, 1 unit)Attention UofL Student Families & Investors: A recent National Multifamily Housing Council (NMHC) report revealed that 8.9 million college students need off-campus accommodation. 1403 S. 2nd Street is the PERFECT investment which can off-set the cost of on-campus housing. Enjoy the benefits of LOCATION, marketability, cash flow, a low vacancy rate and appreciation. This building has a desirable location, excellent for your UofL student. The building is located in the heart of Old Louisville, close to UofL Cardinal Towne, minutes to Churchill Downs, Downtown and easy convenient access to I-65. Opportunity for higher rent revenue. Any questions contact listing agent.