108 E Florence Ave, Louisville, KY 40214
$4,907,000
Property Type:
Multi Family
Square Footage:
49,986
Lot Size (sq. ft.):
87,686
Status:
Closed
Current Price:
$4,907,000
List Date:
8/16/2025
Last Modified:
2/06/2026
Description
Rare opportunity to own this 50 unit apartment complex consisting of (16) 2 bed 2 bath units 1,080 square feet, (16) 2 bed 1 bath units 936 square feet, (12) 2 bed 1 bath units 845 square feet, (6) 2 bed 1 bath units 765 square feet. In 2025 the Owner has renovated 10 of the vacant units and are now starting to place tenants, 2 additional units are in need of full renovations. All leased units have had renovations over the years. Pictures of interior units are of those that have recently been renovated, and they are being marketed at much higher market rental rates. All roofs replaced within the past few years, numerous HVAC units have been replaced, Great parking, there are 4 different style units, all units have laundry hookups in their unit, and there is a manger office on site.
Supplements: Currently the Owner pays water/sewer/trash.
More Information MLS# 1695606
General Listing Information
Office Exclusive?: No
REO/Bank Owned/HUD: No
HOA Y/N: No
HOA Annual $: 0
Status: Closed
Listing Date: 2025-08-16
Listing Price: 5900000
Property Sub Type: Apartment
Status Change Info
Status: Closed
Contract Acceptance Date: 2025-10-24
Sold Date: 2026-01-06
Sold Price: $4,907,000
Contract Info
Disclosure: No
Original List Price: 5900000
Location
Sub Area: A
Deed Bk: 7572
Parcel ID: 057B00450000
Pg #: 0987
Block: 057B
Lot: 0045
Directions: Watterson Expressway to 3rd St exit, go right off of the exit then turn into the gas station immediately on the right, go through the parking lot and exit to the left. Continue through the next stop sign and the complex is on your right.
Street #: 108
St Dir: E
Street: Florence
St Suffix: Ave
Area: 01-Dtwn Old Louisville/Shively/West Lou
County: Jefferson
State/Province: KY
Zip Code: 40214
Subdivision/Condo: NONE
Geo Lat: 38.191259
Geo Lon: -85.760622
Property Description
SqFt -Total Finished: 49986
Above Grade Finished: 49986
Below Grade Finished: 0
Nonconform SqFt Fin: 0
Above Grade Unfin: 0
Below Grade Unfin: 0
Sqft - Total Unfin: 0
SqFt - Source: Appraiser
First Floor Laundry: Yes
Garage Y/N: No
Basement Y/N: No
Total Units: 50
Lot Size Dimensions: 0
Security Deposit: Y
Age: 35
# Parking Spaces: 115
Covered Parking: No
Term/Lease: 1 year
# of Furnaces: 50
# of Water Heaters: 50
Separate Meters: Yes
Sold As-Is: No
M Struct Flood Plain: No
Lot SF: 87686
Year Built: 1990
Architectural Style
Other: 1
Utilities
Electricity Connected: 1
Fuel:Natural: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
1st Level
Total Units: 25
2nd Level
Total Units: 25
Construction
Brick: 1
Roof
Shingle: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Tenant Pays
Electricity: 1
Gas: 1
Heating
Forced Air: 1
Natural Gas: 1
Cooling
Central Air: 1
Exterior
Balcony: 1
None
Current Price: $4,907,000
Property Features
Architectural Style: Other
Construction: Brick
Roof: Shingle
Owner Pays: Trash Collection; Water
Tenant Pays: Electricity; Gas
Exterior: Balcony
Utilities: Electricity Connected; Fuel:Natural
Water Source: Public
Sewer: Public Sewer
Heating: Forced Air; Natural Gas
Cooling: Central Air
Listing Office:
Genesis Realty LLC
Last Updated: February - 06 - 2026
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