1224 Cherokee Rd, Louisville, KY 40204 (MLS# 1672135)

1224 Cherokee Rd, Louisville, KY 40204

$875,000

Property Type: Multi Family Square Footage: 8,550 Status: Closed

Current Price: $875,000 List Date: 10/06/2024 Last Modified: 12/13/2024

Overview

Description

Located in highly desirable Cherokee Triangle, on Cherokee Rd., Appleton Apartments contains six very large units in a built-as apartment property. There are both 2 and 3 BR units with hardwood floors, large rooms, and unique features. Some of the apartments have washer/dryer hookups, and are separately metered for LG&E. Each space has an additional rear egress with access to a back patio and common area yard. Four currently vacant garages are located on site that could be rented for further upside. Apartment properties in this sub-market do not come available often, and this generational opportunity is ideal for an experienced owner looking to add units to a portfolio, or a newer investor seeking to build long-term wealth in one of the city's most appreciating neighborhoods.

Supplements: > Very large 3BR/1BA & 2 BR/1BA units > In-unit washer/dryer hookups > Separate LG&E > Four garages located on-site

Listing Details MLS# 1672135

General Listing Information

Listing Price: 900000
Property Sub Type: Apartment
HOA Y/N: No
HOA Annual $: 0

Location

Street #: 1224
Street: Cherokee
St Suffix: Rd
Area: 02-Butchertwn/Hghlnds/Germantwn
Sub Area: A
County: Jefferson
State/Province: KY
Zip Code: 40204
Subdivision/Condo: NONE
Directions: Up Broadway to Cherokee
Deed Bk: No
Parcel ID: No
Pg #: No
Block: No
Lot: No

Contract Info

Original List Price: 900000
Disclosure: No

Property Description

SqFt -Total Finished: 8550
Above Grade Finished: 8550
Below Grade Unfin: 2850
Sqft - Total Unfin: 2850
SqFt - Source: Other
First Floor Laundry: Yes
Garage Y/N: Yes
Garage Spaces: 4
Basement Y/N: Yes
Total Units: 6
Year Built: 1960
# Parking Spaces: 4
Covered Parking: Yes
Separate Meters: Yes
Sold As-Is: No
M Struct Flood Plain: No
Below Grade Finished: 0
Nonconform SqFt Fin: 0
Above Grade Unfin: 0
Lot Size Dimensions: No
Security Deposit: No
Age: 0
Term/Lease: No
# of Furnaces: 0
# of Water Heaters: 0

Status Change Info

Contract Acceptance Date: 2024-11-10
Sold Date: 2024-12-13

More Information

Sewer

Public Sewer: Yes

Construction

Wood Frame: Yes

Roof

Shingle: Yes

Heating

Forced Air: Yes

Patio and Porch Features

Deck: Yes

Property Features

Construction: Wood Frame Roof: Shingle Patio and Porch Features: Deck Sewer: Public Sewer Heating: Forced Air

Listing Office: PRG Commercial Property Advisors

Last Updated: December - 13 - 2024

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