$1,800,000
$1,837,500
2.0%For more information regarding the value of a property, please contact us for a free consultation.
10,449 SqFt
SOLD DATE : 09/30/2024
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 10,449 sqft
Price per Sqft $172
MLS Listing ID 1661421
Sold Date 09/30/24
Style Traditional
HOA Y/N No
Abv Grd Liv Area 6,966
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1974
Property Sub-Type Apartment
Property Description
This 15 unit property has a prime location in highly desirable Cherokee Triangle, on the park-side of Eastern Parkway. It is steps from Cherokee Park, Willow Park, and Bardstown Road, on a beautiful tree-lined residential street.
The property includes 10 1BR/1BA units and five 2BR/1BA units, each separately metered for LG&E and with their own HVAC system. There is off-street parking at the rear of the property, and coin-op laundry in the lower level. Most units have a balcony or deck and a dishwasher.
Recent improvements include a new roof (2017), LVP and new carpet throughout the common areas and stairs, and some unit turns including new LVP flooring. Rents are well below market rate, and there is opportunity to continue unit turns and increase revenue. Highlights include:
> 15 units, 10 1BR/1BA and five 2BR/1BA
> Separately metered for LG&E
> Off street parking
> On site laundry
Location
State KY
County Jefferson
Direction Get on I-64 E 5 min (1.9 mi) Continue on I-64 E to Grinstead Dr. Take exit 8 from I-64 E 2 min (2.0 mi) Continue on Grinstead Dr. Take Cherokee Pkwy to Eastern Pkwy
Interior
Heating Forced Air
Exterior
Exterior Feature Balcony
View Y/N No
Roof Type Shingle
Garage No
Building
Architectural Style Traditional
Structure Type Brick
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