4148 W Broadway, Louisville, KY 40211
- $?
- 3,800
- SqFt
- Sold Price
- $?
- List Price
- $224,900
- Closing Date
- Mar 19, 2021
- MLS#
- 1574173
- Status
- CLOSED
- Type
- Multifamily
- City
- Louisville
- Area
- 1 - Downtown / Old & West Louisville / Shively
- County
- Jefferson
- Living Area
- 3,800
- Lot Size
- 7,020
- Year Built
- 1965
Property Description
Cash Flow Positive!!! Great six unit investment property with room to add a seventh. All units are rented and generating income amounts of $3285 for rent and $750 for utilities monthly with a cap rate at close to 12%. Unit 3 is section 8 HUD on a 3 bedroom voucher, if a family with 4 bedroom voucher were put into this unit, the monthly payment from HUD would be $1250-$1300. Sold as is where is Current owner has done over $35,000 worth of improvements within the last two years to include: Converted to ALL ELECTRIC in May, 2020 with Major Rewiring Completed. Conversion of Boiler System to All Electric Baseboard Heating System, Major Electrical Update, Exterior Painting, New Carpet & Paint in Hallways, Flooring, Interior Painting, etc.
Additional Information
- Acres
- 0.16
- Exterior
- Deck
- Living Area
- 3,800
- Lot Dimensions
- 39x180
- Region
- 1 - Downtown / Old & West Louisville / Shively
- Style
- Select One
- Utilities
- City Sewer, City Water, Electricity Connected
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Listing courtesy of Weichert Realtors-H. Barry Smith Co.. Selling Office: .