1481 S 2nd St - Apartments FOR SALE


Louisville, KY 40208- Old Louisville
$990,000 USD
502-640-3622
1481 S 2nd St, Louisville, KY for Sale
$990,000 USD
Apartments - FOR SALE
1/13
null | 6.78% Cap Rate

1481 S 2nd St
Louisville, KY 40208
Old Louisville


OVERVIEW

This 10-unit multifamily property is located within a 4-mile radius of four colleges and universities, making it a highly sought-after investment due to the strong demand for student housing. Meticulously renovated and maintained by the current owners over the past 20 years, it features 7,355 SF of finished living space, along with an additional 2,000 SF of unfinished basement, offering extra storage space. This is a turn-key investment, ideal for both first-time investors and seasoned professionals looking to expand their portfolio. The current owners are open to staying on to manage the property, ensuring a smooth transition and continued high occupancy. With its prime location, recent upgrades, and established management, this is an opportunity to generate immediate cash flow with minimal hassle.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

10

PRICE/UNIT

$99,000

CAP RATE

6.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased 10-Unit Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

TNZD-TRADI

APN/PARCEL ID

033B02470000

ASK ABOUT THIS PROPERTY

Stephanie GilezanGilezan Global Brokered by eXp CommercialMore Info
502-640-3622

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Stephanie GilezanGilezan Global Brokered by eXp CommercialMore Info
502-640-3622

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.