Brad Hilton - Coldwell Banker McMahan
1415 S 3rd
Louisville, KY 40208

Description

Attention Investors! This beauty is located on Millionaires Row in Historic Old Louisville. Offering 10 rental units which includes 2 units located in the lower level of the main building, 6 units above grade in the main building and 2 units in the rear carriage house. The facade of the grand mansion offers original honed stone, the interior still offers many of it's original features such as natural millwork, inlaid hardwood floors, pocket doors and stained-glass windows. The main building had $40,000 in exterior repairs done last summer including repairs to box gutters, exterior repairs to soffits, cornice, window sills and 2 coats of Sherman Williams Premium Exterior Paint. With a bit of updating to the individual units the rents could be increased. Tenants love the fact that all that all their utilities are included in their rent and will generally pay higher rents knowing that they don't have to deal with utility expenses. Please see the attached rent roll for current rents along with the invoice detailing repairs made last year by a Historical Preservation Specialist, Joseph Sena, Inc. With all the historic character this would also be a great property to bring back to a single-family home or create a lovely owner's unit.

Details

MLS#1495565
Sub-TypeResale
StatusContingent
Year1900
Days On Site248

Features

SQ Feet6,498
Units10
Building(s)1

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Area Information

StateKY
CountyJefferson
CityLouisville
Zip Code40208
Listing VS Median (in 40208)
Price:
$400,000
low | high
Med:
$99,999
100% of Average
SqFt:
6,498
low | high
Med:
1,584
100% of Average
$ / SqFt:
$62
low | high
Med:
$63
47.444207386363% of Average
On Site:
248
low | high
Med:
56
100% of Average
Listing Updated: 10/14/2018
MLS Number: 1495565
Listing Provided By:
Michael Mawood  of  RE MAX 100