Attention, Investors! Welcome to 4616 Southern Parkway. A triplex and a stand-alone dwelling with multiple opportunities for a lucrative performance. Live on-site and have your mortgage paid for you through the other three living areas, or live off-site with four separate units providing monthly income in this 2700 square foot home with updated furnace, updated AC, and a covered front porch plus an 864 square foot second home on the same half-acre lot. The first floor of the triplex has at least two bedrooms, an additional large area, a large dining room, and a living room with a decorative fireplace, an eat-in kitchen, and 1.5 baths. Tenants love the 1935 charm along with the new appliances and updated kitchen flooring. The layout provides a great environment for a family, roommates, or just someone who wants a larger living space without the apartment feeling. The second level has an adjoining balcony/deck for two one-bedroom apartments with updated appliances and some updated flooring as well. Tenants can enjoy outdoor relaxation at any level. Behind the triplex, you'll find an entire separate two-bedroom home included with its own parking. Another opportunity for a tenant who wants more privacy. Laundry facilities have been added for tenants in the basement of the triplex. Adding a coin feature would be another income source. The basement itself could be sectioned off into storage areas for increased income. Or, easy conversion to single-family home. The possibilities for this property are many. Gross rent at full occupation has run $3175: A=$1350, B=$650, C=$650, D=$525 (D is definitely at least a $750 property with some updating)
Off market
$128,700
4616 Southern Pkwy, Louisville, KY 40214
--beds
0baths
2,688sqft
MultiFamily
Built in 1935
-- sqft lot
$-- Zestimate®
$48/sqft
$816 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Gas
Cooling
- Central, Wall
Appliances
- Laundry: Common Area
Features
- Flooring: Other
- Basement: Finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,688 sqft
- Finished area below ground: 0.00
Property
Parking
- Total spaces: 4
- Parking features: Carport
Features
- Patio & porch: Patio, Porch
- Exterior features: Stone, Brick
Lot
- Size: 0.43 Acres
Details
- Parcel number: 053K00820000
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional
Materials
- Wood
- Roof: Composition
Condition
- Year built: 1935
Utilities & green energy
- Gas: Fuel:Natural
- Sewer: Public Sewer
- Water: City Water
- Utilities for property: Natural Gas Connected, Water Connected, Sewer Connected
Community & neighborhood
Location
- Region: Louisville
Other
Other facts
- Sewer: Public Sewer
- Roof: Rolled/Hot Mop
- Heating: Forced Air, Gas Heat
- BuildingFeatures: Laundry Facility
- HeatingYN: true
- Utilities: Natural Gas Connected, Water Connected, Sewer Connected
- CoolingYN: true
- ExteriorFeatures: Patio, Balcony, Porch
- PatioAndPorchFeatures: Patio, Porch
- BusinessType: Residential
- ConstructionMaterials: Stone, Brick
- PropertyAttachedYN: true
- ElectricOnPropertyYN: True
- FarmLandAreaUnits: Square Feet
- LivingAreaSource: Other
- ParkingFeatures: Covered
- CoveredSpaces: 0
- Cooling: Central Air, Wall/Window Unit(s)
- BelowGradeFinishedArea: 0.00
- LaundryFeatures: Common Area
- AssociationAmenities: Laundry, Additional Strg
- PetsAllowed: false
- CultivatedArea: NaN
- PastureArea: NaN
- WaterSource: City Water
- WoodedArea: NaN
- Gas: Fuel:Natural
- NumberOfUnitsTotal: 4.0000
- LeaseTerm: Varied