1229 Bates Ct, Louisville, KY 40204 (MLS# 1603551)

1229 Bates Ct, Louisville, KY 40204

$765,000

Fully leased 8 unit building in spectacular location. Four 2BR/1BA units, two 1BR/1BA units and two Studio 1BA units. Only units not pictured are #1 and #4.

2nd floor 2BR units on front have large balconies and 2nd floor 2BR units on rear have large decks.

9-12 parking spaces (depending on car size)

#2 (1BR/1BA) Bathroom with standing shower

#5 (2BR/1BA) second floor front facing townhouse LR with french doors to balcony.

#5 (2BR/1BA) second floor front facing townhouse) Kitchen and stairwell to bedrooms.

#5 (2BR/1BA) second floor front facing townhouse) Kitchen

#5 (2BR/1BA) front facing townhouse - Bedroom

#5 (2BR/1BA) front facing townhouse - Bathroom

#6 (2BR/1BA) front facing townhouse - Greatroom with breakfast peninsula

#6 (2BR/1BA) front facing townhouse - Kitchen and breakfast peninsula

#6 (2BR/1BA) front facing townhouse - breakfast peninsula

Studio #4/Rear facing. Combined Kitchen/Dining/LR area.

2nd floor 2BR/1BA units have full size decks

Unit #7/2nd Floor/Rear Facing/2BR-1BA/Kitchen and Laundry

Unit #7/2nd Floor/Rear Facing/2BR-1BA/Bathroom

Unit #7/2nd Floor/Rear Facing/2BR-1BA/Bedroom

Unit #8/2nd floor/Rear Facing/2BR-1BA/LR

Unit #8/2nd floor/Rear Facing/2BR-1BA Flat/Bathroom

Unit #8/2nd floor/Rear Facing/2BR-1BA/Kitchen

Unit #8/2nd floor/Rear Facing/2BR-1BA/LR (another view)

Property Type: Multi Family Square Footage: 4,609 Status: Closed

Current Price: $765,000 List Date: 1/07/2022 Last Modified: 4/15/2025

Overview

Description

8 unit building in spectacular location. Condo Regime is intact with current owner owning ALL units/could easily reinstate and sell all as condos if a new owner were to choose to do so at some future time. Well-leased/bringing in $6540 in revenue. Owner currently pays $8315.99 per yr in taxes. Owner currently pays $3374.92 per yr in insurance. Owner only pays water (approx $250 per mo). DO NOT TALK TO TENANTS and please stay away from building. Rent Roll and Leases are in Documents. FIRST SHOWING is at the Open House from 3pm-5pm on Tuesday, 1/11/2022 (we will do as well as we can with some tenants undoubtedly claiming that they have COVID/all attendees MUST wear masks). Should we be fortunate enough to receive offers, they will be due by not later than 12N on 1/12/2022

Supplements: and a decision made on 1/12/2022 at 2pm. Otherwise, unless an accepted offer is in hand, the property will not be shown. We will take offers on the property sight unseen and only with an accepted offer will the property be shown with a 72 hour pending notification to the residents. This is a fully occupied building with four 2BR/1BA units, two 1 ... (Read more)

Listing Details MLS# 1603551

General Listing Information

Listing Price: 935000
Property Sub Type: Apartment
REO/Bank Owned/HUD: No
HOA Y/N: No
HOA Annual $: 0

Location

Street #: 1229
Street: Bates
St Suffix: Ct
Area: 02-Butchertwn/Hghlnds/Germantwn
Sub Area: A
County: Jefferson
State/Province: KY
Zip Code: 40204
Deed Bk: 9324
Parcel ID: 028N0010000
Pg #: 0739
Subdivision/Condo: NONE
Block: 028N
Lot: 0001
Directions: Barrett to Bates Court. Bates Court is a dead end street.

Contract Info

Original List Price: 935000
Disclosure: No

Property Description

SqFt -Total Finished: 4609
Above Grade Finished: 4609
SqFt - Source: Other
First Floor Laundry: No
Total Units: 8
Lot Size Dimensions: 8923x612
Security Deposit: varies
Age: 117
Year Built: 1905
# Parking Spaces: 9
Covered Parking: No
Term/Lease: Annual
# of Furnaces: 8
# of Water Heaters: 2
Separate Meters: Yes
Sold As-Is: Yes
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

Status Change Info

Contract Acceptance Date: 2022-01-12
Sold Date: 2022-03-04

More Information

1st Level

Total Units: 4
Living Room: 4
Full Baths: 4
Kitchen: 4
Refrigerator: 4
Range: 4
Rent: 2995

2nd Level

Total Units: 4
Living Room: 4
Full Baths: 2
Kitchen: 4
Refrigerator: 4
Range: 4
Dishwasher: 4
Laundry: 3
Rent: 3545

3rd Level

Full Baths: 2
Rent: 0

Basement Level

Laundry: 2

Cooling

# of HVAC Units: 8
Central Air: Yes

Architectural Style

Traditional: Yes

Lot Description

Dead End: Yes

Utilities

Electricity Connected: Yes
Fuel:Natural: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Construction

Vinyl Siding: Yes

Roof

Shingle: Yes

Owner Pays

Sewer: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
See Remarks: Yes

Heating

# of HVAC Units: Yes
Forced Air: Yes
Natural Gas: Yes

Patio and Porch Features

Deck: Yes

Project Facilities

Additional Strg: Yes
Pets Allowed: Yes

Property Features

Architectural Style: Traditional Construction: Vinyl Siding Roof: Shingle Owner Pays: Trash Collection; Water Tenant Pays: Cable TV; Electricity; Gas; See Remarks Project Facilities: Additional Strg; Pets Allowed Patio and Porch Features: Deck Utilities: Electricity Connected; Fuel:Natural Water Source: Public Sewer: Public Sewer Heating: # of HVAC Units; Forced Air; Natural Gas Cooling: Central Air Lot Description: Dead End

Listing Office: Great Space Louisville LLC

Last Updated: April - 15 - 2025

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