4504 River Front Dr - Apartments FOR SALE


Louisville, KY 40216- Riverside Gardens
$670,000 USD
502-345-2830
4504 River Front Dr, Louisville, KY for Sale
$670,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

4504 River Front Dr
Louisville, KY 40216
Riverside Gardens


OVERVIEW

Located in the desirable Lake Dreamland neighborhood, just a short drive from downtown, these five charming homes offer a unique and affordable opportunity to own properties with breathtaking Ohio River views. Homes can be sold individually or combined for a group sale. Four of the homes have been recently updated, making them move-in ready and a fantastic investment opportunity. One home is currently rented on a month-to-month basis to a reliable tenant who also serves as a handyman, providing weekly yard maintenance and overseeing the upkeep of the surrounding properties. With average rents in the area on the rise, this is your chance to secure an affordable package of homes, offering the flexibility to select your own tenants. Don't miss out on this rare opportunity to own a set of properties in a prime location with a built-in helper to assist with property maintenance. Whether you're a seasoned investor or just starting out, these homes are a great addition to any portfolio. Homes included in this sale: -4504 River Front Dr, Louisville, Ky 40216- 2 beds, 1 bath, 1008 sqft Under Contract ($155K) -4505 River Front Dr, Louisville, Ky 40216- 3 beds, 1 bath, 898 sqft, under contract ($135K) -5103 Overbrook Dr, Louisville, Ky 40216- 2 beds, 1 bath 672 sqft, rented under market value, month to month lease ($115K) -4517 River Front Dr, Louisville, Ky 40216, 2 beds, 1 bath, 816 sqft, rented for $1,320 monthly ($140K) -4521 River Front Dr, Louisville, Ky 40216- 3 bed, 1 bath, 783 Sqft renovation in process, open concept, and expected to be completed in March ($130K) Each home located in a FEMA flood plain, and are priced accordingly, making them an exceptional investment for the right buyer. Each home is on a septic system.

FOR SALE DETAILS

PRICE

$670,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

5

PRICE/UNIT

$134,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Family Rental Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,219 SF

ZONING

R5-RESIDEN

APN/PARCEL ID

236200140000

ASK ABOUT THIS PROPERTY

Ashley BrownHomepage RealtyMore Info
502-345-2830

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Ashley BrownHomepage RealtyMore Info
502-345-2830

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