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

Overview

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.

Listing Details MLS# 1695606

General Listing Information

Office Exclusive?
No
Listing Price
5900000
Property Sub Type
Apartment
REO/Bank Owned/HUD
No
HOA Y/N
No
HOA Annual $
0

Location

Street #
108
St Dir
E
Street
Florence
St Suffix
Ave
Area
01-Dtwn Old Louisville/Shively/West Lou
Sub Area
A
County
Jefferson
State/Province
KY
Zip Code
40214
Deed Bk
7572
Parcel ID
057B00450000
Pg #
0987
Subdivision/Condo
NONE
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.

Contract Info

Original List Price
5900000
Disclosure
No

Property Description

SqFt -Total Finished
49986
Above Grade Finished
49986
SqFt - Source
Appraiser
First Floor Laundry
Yes
Garage Y/N
No
Basement Y/N
No
Total Units
50
Lot SF
87686
Security Deposit
Y
Age
35
Year Built
1990
# 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
Below Grade Finished
0
Nonconform SqFt Fin
0
Above Grade Unfin
0
Below Grade Unfin
0
Sqft - Total Unfin
0
Lot Size Dimensions
No

Status Change Info

Contract Acceptance Date
2025-10-24
Sold Date
2026-01-06

More Information

1st Level

Total Units
25

2nd Level

Total Units
25

Architectural Style

Other
Yes

Utilities

Electricity Connected
Yes
Fuel:Natural
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Construction

Brick
Yes

Roof

Shingle
Yes

Owner Pays

Sewer
Yes
Trash Collection
Yes
Water
Yes

Tenant Pays

Electricity
Yes
Gas
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Cooling

Central Air
Yes

Exterior

Balcony
Yes

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
Source MLS Verified
Last Updated: February - 06 - 2026
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than the site owner are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker.
Search powered by FBS Products