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About This Home
This 0-bedroom, 0-bathroom multi-family at 952 S 6th St in Louisville, KY is listed for $349,000 ($107 per sqft). Built in 1928, the home offers 3,250 sqft of living space on a 0.15 acres lot.
**Seller offering $5k closing credit** Great opportunity to buy a cash flowing 5 unit building in an excellent rental market in Old Louisville / Limerick. This property stays consistently 100% occupied with total rents = $3,875/mth. All tenants in good standing.
Current ownership has invested heavily into this sturdy brick building - notably renovating 4 of 5 units, new roof, and upgrading HVAC to electric mini-split systems in each unit. Units consist of three 1bd units & 2 studio units. All 5 units have spacious layouts and are of high demand.
The property has one large water heater and electric panel in the basement. The property is not currently separately metered for electric or water. Therefore, experienced investors will notice there's room for substantial increase in rents & profitability by releasing and/or upgrading to separately metered utilities.
Market rent for the updated units is ~$800 + tenant pays electric/gas. The property is professionally managed therefore sellers are not aware of large deferred maintenance items. Original buyer's financing fell through after inspections.**no seller or creative financing**
Key Features
- Built in 1928
- 0.15 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,867/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
952 S 6th St
Louisville, KY 40203
LIMERICK
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 952 S 6th St is listed at $349,000 ($107/sqft). The estimated monthly payment is $1,512 based on 20% down at 6.5% interest.
Key features include: Built in 1928, 0.15 acre lot.
This property is listed by Samuel Ault and can be reached at 5022290166 or samuel.ault2@gmail.com.
