Fully Leased 10-Unit Multifamily | Near University

1481 S 2nd St Louisville, KY 40208

1481 S 2nd St, Louisville, KY, 40208
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$990,000
Last Verified:
Nov 25, 2024

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Description

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.

4-mile radius of four colleges and universities


Year Built: 1905
Building Size: 7355sq ft
Building Class: B
Lot Size: 0.1 acres

Map of 1481 S 2nd St, Louisville, KY, 40208

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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