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1827 S 3rd

Louisville, KY 40208
  • $427,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 1596192
$427,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,689
    SQFT
  • $116
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

Awesome, Fully-Rented, absolutely turnkey, Clean, exceedingly nice, Separately metered, Brick, late 19th Century TriPlex, across from Cardinal Towne restaurant complex, Steps from U of L Belknap Campus. $33,800+ to $36,480* / Yr projected potential rental income. Recently updated w/ Higher end finishes and ATTN to QUALITY in order to attract high-end, quality, long-term tenants (@ premium market rents). Large units, w/ practical floor plans, high ceilings, beautiful Inlaid hardwood floors & original mantels, separate utility meters & separate HVAC. 1 large 2 BR/ 2 BA apt, 1 large 1 or 2 BR/ 1 BA apt w/ basement access to Laundry & a 1 BR/ 1 BA 3rd Flr ''townhouse style'' apt w/ private stairwell. All have completely updated Kitchens w/ Granite countertops, new cabinetry & tile floors and..All have completely updated Kitchens w/ Granite countertops, new cabinetry & tile floors and New, tiled baths. 10-12 yrs ago, property underwent major renovation w/ complete replacement of rear roof, electrical, plumbing & HVAC systems. Within last 1-5 years: 2 C/A units & Hot Water Heater replaced & parking lot re-surfaced w/ 7 spaces marked off. * $33,800+ to $36,480 / Yr projected potential gross rent is based on Rentometer estimates of market rent for higher end of range- $950 to $1,025/Mo for # 1 (1 or 2 BR, 1 BA w/ basement access), $1,050 to $1,105/ mo for #2 (townhouse style 2 BR/ 2 BA) and $722 to $810 / mo for (1 BR/1 BA) # 3. (See Rentometer screen shots attached to photos RE projected rent amt) + the potential of renting 2 parking spaces @ $50/Mo each ($100 Total). Basement has exterior entry and would a perfect coin-operated laundry area. Current rents are below-market. Current, lease-specified rent @ full occupancy is $2,100 mo - $500 (#1 / Exp 6/30/2022) , $1,000 (#2 / Exp 6/30/2022) and $600 (# 3/ now mo-to-mo lease, exp 6/30/2021)

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© 2021 Metro Search Inc. All rights reserved. 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 Elite Home Advisors 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. Data last updated: 2021-10-18T23:58:05.243.
www.yournextkentuckianahome.com/homes/121398151
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1827 S 3rd Louisville, KY 40208

  • Price: $427,000
  • Status: Active
  • MLS #: 1596192
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,689
SQFT
$116
$/SQFT
1900
Built
Neighborhood:
Old Louisville
County:
Jefferson
Area:
Dtwn Old Louisville/Shively/West Lou
Property Description
Awesome, Fully-Rented, absolutely turnkey, Clean, exceedingly nice, Separately metered, Brick, late 19th Century TriPlex, across from Cardinal Towne restaurant complex, Steps from U of L Belknap Campus. $33,800+ to $36,480* / Yr projected potential rental income. Recently updated w/ Higher end finishes and ATTN to QUALITY in order to attract high-end, quality, long-term tenants (@ premium market rents). Large units, w/ practical floor plans, high ceilings, beautiful Inlaid hardwood floors & original mantels, separate utility meters & separate HVAC. 1 large 2 BR/ 2 BA apt, 1 large 1 or 2 BR/ 1 BA apt w/ basement access to Laundry & a 1 BR/ 1 BA 3rd Flr ''townhouse style'' apt w/ private stairwell. All have completely updated Kitchens w/ Granite countertops, new cabinetry & tile floors and..All have completely updated Kitchens w/ Granite countertops, new cabinetry & tile floors and New, tiled baths. 10-12 yrs ago, property underwent major renovation w/ complete replacement of rear roof, electrical, plumbing & HVAC systems. Within last 1-5 years: 2 C/A units & Hot Water Heater replaced & parking lot re-surfaced w/ 7 spaces marked off. * $33,800+ to $36,480 / Yr projected potential gross rent is based on Rentometer estimates of market rent for higher end of range- $950 to $1,025/Mo for # 1 (1 or 2 BR, 1 BA w/ basement access), $1,050 to $1,105/ mo for #2 (townhouse style 2 BR/ 2 BA) and $722 to $810 / mo for (1 BR/1 BA) # 3. (See Rentometer screen shots attached to photos RE projected rent amt) + the potential of renting 2 parking spaces @ $50/Mo each ($100 Total). Basement has exterior entry and would a perfect coin-operated laundry area. Current rents are below-market. Current, lease-specified rent @ full occupancy is $2,100 mo - $500 (#1 / Exp 6/30/2022) , $1,000 (#2 / Exp 6/30/2022) and $600 (# 3/ now mo-to-mo lease, exp 6/30/2021)
Exterior Features

Construction Brick Covered Parking No Exterior DeckPorch Lot Description Sidewalk Lot Size 40X200 Parking Spaces 7.0 Roof Shingle

Interior Features

1st Level Bedrooms 1 1st Level Full Baths 1 1st Level Rooms 4 1st Level Total Units 1 2nd Level Bedrooms 2 2nd Level Full Baths 2 2nd Level Rooms 4 2nd Level Total Units 1 3rd Level Bedrooms 1 3rd Level Full Baths 1 3rd Level Rooms 3 3rd Level Total Units 1 Above Grade Finished 3689.00 Above Grade Unfin 0.00 Below Grade Finished 0.00 Below Grade Unfin 1533.00 Energy Central AirForced Air HeatGas Heat Nonconform Sq Ft Fin 0.00 Sqft Total Unfin 1533.00 Total Units 3.0000 Water Heaters 1.0000

Property Features

1st Level Rent 1000.00 2nd Level Rent 1100.00 3rd Level Rent 810.00 City Tax 0 County Tax 1.374% Disclosure Yes Flood Plain No Furnaces 3.00 Lease Term Varies Multifamily Sub Type Triplex Owner Pays See RemarksSewerWater Preservation Dist Old Louisville Security Deposit $2100 Separate Meters Yes Sq Ft Source Other Tenant Pays CableElectricGas Utilities City SewerCity WaterFuel:Natural

Listing provided courtesy of Eagan Realty Group. © 2021 Metro Search, Inc. All rights reserved.


© 2021 Metro Search Inc. All rights reserved. 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 Elite Home Advisors 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. Data last updated: 2021-10-18T23:58:05.243.
 
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Elite Home Advisors
1994 Charlestown New Albany Pike
Jeffersonville IN, 47130