This generational asset is located in the heart of the Cherokee Triangle. Built as an apartment property, the building is uniquely newer for the area. It contains six high-demand one-bedroom units with historically high occupancy. The property has remained in the same family for generations, making it a truly rare opportunity.
The asset is surrounded by high quality single family residential in Louisville's most desirable infill neighborhood. Tenants take advantage of easy walking distance to both Cherokee Park and Bardstown Road. It is separately metered for gas and electric. Current upside potential exists in rents.
Investors will enjoy the steady occupancy, as well as strong intrinsic value of the underlying real estate in a historically appreciating area. Highlights include:
> Six large 1BR/1BA units
> Separately metered for LG&E
> Built-as apartments in highly desirable location
> W/D hookups and additional storage in basement
Sold for $768,000 on 02/05/24
$768,000
1308 Everett Ave, Louisville, KY 40204
--beds
--baths
4,506sqft
Apartment
Built in 1960
-- sqft lot
$-- Zestimate®
$170/sqft
$2,439 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 26, 2024 at 07:35pm
Listed by:
Jenny Johnston 502-645-1729,
PRG Commercial Property Advisors
Bought with:
Geoffrey Carr, 216503
Housing Associates
Source: GLARMLS,MLS#: 1651981
Facts & features
Interior
Heating
- Forced Air
Features
- Has basement: Yes
Interior area
- Total structure area: 4,506
- Total interior livable area: 4,506 sqft
- Finished area above ground: 4,506
- Finished area below ground: 0
Property
Features
- Exterior features: None
Details
- Parcel number: 0
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Brick
- Roof: Shingle
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Louisville
- Subdivision: None
HOA & financial
HOA
- Has HOA: No