This rare multifamily opportunity is situated on a quiet walking court in Old Louisville, blocks from Manual High School. The property is a purpose built apartment building of 12 large units with a diverse mixture of 1, 2 and 3 BR units with hardwood flooring, some including balconies overlooking the walking court. A large, full lower level was formerly finished and could potentially be converted to another unit for added value.
The property is located on the south side of Old Louisville in close proximity to UofL. It has separate gas and electric meters with those utilities paid by the tenants and separate hot water heaters. An investor will enjoy a high demand tenant base, as well as strong intrinsic value of the underlying real estate.
> 12 sizable units (10-2BR/1-3BR/ 1-1BR
Sold for $950,000 on 09/09/24
$950,000
408 Kensington Ct, Louisville, KY 40208
--beds
--baths
17,544sqft
Apartment
Built in 1905
-- sqft lot
$-- Zestimate®
$54/sqft
$1,175 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 25, 2024 at 07:35pm
Listed by:
Reed B Weinberg 502-365-3840,
PRG Commercial Property Advisors,
Jenny Johnston 502-645-1729
Bought with:
Kay Cummins-Maum, 206521
PR Realty Group, LLC
Source: GLARMLS,MLS#: 1659695
Facts & features
Interior
Heating
- Natural Gas
Features
- Has basement: Yes
Interior area
- Total structure area: 13,158
- Total interior livable area: 17,544 sqft
- Finished area above ground: 13,158
- Finished area below ground: 4,386
Property
Features
- Exterior features: Balcony
Lot
- Size: 0.24 sqft
- Dimensions: 150 x 59
Details
- Parcel number: 033C00920000
Construction
Type & style
- Home type: Apartment
- Architectural style: Other
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Brick
- Roof: Flat
Condition
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Louisville
- Subdivision: None
HOA & financial
HOA
- Has HOA: No