eXp Commercial, LLC is pleased to present this fully occupied 24-unit apartment complex conveniently located off of Dixie Highway on Brick Kiln Lane. This complex sits within walking distance of Kroger, Walgreens, ALDI, Planet Fitness and a variety of other retail, medical, and restaurant centers. The portfolio features 15,900 SF across six buildings and sits on 1.3 acres. The tenant mix offers consistent rental income due to subsidized government assistance. Current gross rental income is $230,160 yr. Of the 24 tenants, 18 are below subsidized market rents. Seller has completely renovated the properties, improvements include new roofs, windows, mechanicals, plumbing, electric and interiors. This is a stable, cash-flowing, turn-key asset for any investors looking to expand their portfolio
Sold for $1,870,000 on 04/12/24
$1,870,000
1600-1614 Brick Kiln Ln, Louisville, KY 40216
24beds
24baths
15,900sqft
Apartment
Built in 1967
-- sqft lot
$-- Zestimate®
$118/sqft
$1,378 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 26, 2024 at 07:34pm
Listed by:
Samuel G Higdon,
EXP Realty LLC
Bought with:
EXP Realty LLC
Source: GLARMLS,MLS#: 1652107

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 24
Heating
- Electric, Forced Air
Cooling
- Central Air
Features
- Has basement: No
Interior area
- Total structure area: 15,900
- Total interior livable area: 15,900 sqft
- Finished area above ground: 15,900
- Finished area below ground: 0
Property
Features
- Patio & porch: Porch
Lot
- Size: 1.30 Acres
- Features: Dead End
Details
- Parcel number: 131801030000
Construction
Type & style
- Home type: Apartment
- Architectural style: Other
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Concrete, Brick
- Roof: Pitched,Shingle
Condition
- Year built: 1967
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Louisville
- Subdivision: None
HOA & financial
HOA
- Has HOA: No