1600-1614 Brick Kiln Ln, Louisville, KY 40216
$1,870,000
Property Type:
Multi Family
Square Footage:
15,900
Lot Size (sq. ft.):
56,628
Status:
Closed
Current Price:
$1,870,000
List Date:
1/03/2024
Last Modified:
11/27/2024
Description
eXp Commercial, LLC is pleased to present this fully occupied 24-unit apartment complex conveniently located off of Dixie Highway on Brick Kiln Lane. This complex sits within walking distance of Kroger, Walgreens, ALDI, Planet Fitness and a variety of other retail, medical, and restaurant centers. The portfolio features 15,900 SF across six buildings and sits on 1.3 acres. The tenant mix offers consistent rental income due to subsidized government assistance. Current gross rental income is $230,160 yr. Of the 24 tenants, 18 are below subsidized market rents. Seller has completely renovated the properties, improvements include new roofs, windows, mechanicals, plumbing, electric and interiors. This is a stable, cash-flowing, turn-key asset for any investors looking to expand their portfolio
More Information MLS# 1652107
General Listing Information
REO/Bank Owned/HUD: No
HOA Y/N: No
HOA Annual $: 0
Status: Closed
Listing Date: 2024-01-03
Listing Price: 1850000
Property Sub Type: Apartment
Contract Info
Disclosure: No
Original List Price: 1850000
Location
Sub Area: A
Deed Bk: 12403
Parcel ID: 131801030000
Pg #: 638
Block: 1318
Lot: 0103
Municipality: Louisville
Preservation Dist: None
Directions: From Dixie Hwy, turn onto Brick Kiln Lane and the 6 buildings sit on the left hand side at the end of the road.
Street #: 1600-1614
Street: Brick Kiln
St Suffix: Ln
Area: 04-Pleasure Rdg/Valley Station/Shively
County: Jefferson
State/Province: KY
Zip Code: 40216
Subdivision/Condo: NONE
Geo Lat: 38.168985
Geo Lon: -85.821485
Property Description
SqFt -Total Finished: 15900
Above Grade Finished: 15900
Below Grade Finished: 0
Nonconform SqFt Fin: 0
Above Grade Unfin: 0
Below Grade Unfin: 0
Sqft - Total Unfin: 0
SqFt - Source: Other
First Floor Laundry: No
Garage Y/N: No
Basement Y/N: No
Total Units: 24
Lot Size Dimensions: N/A
Security Deposit: 1 month rent
Age: 57
# Parking Spaces: 30
Covered Parking: No
Term/Lease: 1 year
# of Furnaces: 24
# of Water Heaters: 24
Separate Meters: Yes
Sold As-Is: No
M Struct Flood Plain: No
Lot SF: 56628
Year Built: 1967
Status Change Info
Status: Closed
Contract Acceptance Date: 2024-01-22
Sold Date: 2024-04-12
Sold Price: $1,870,000
Architectural Style
Other: 1
Lot Description
Dead End: 1
Utilities
Electricity Connected: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
1st Level
Total Units: 12
Living Room: 12
Bedrooms: 12
Full Baths: 12
Kitchen: 12
2nd Level
Total Units: 12
Living Room: 12
Bedrooms: 12
Full Baths: 12
Kitchen: 12
Construction
Brick: 1
Concrete: 1
Roof
Shingle: 1
Pitched: 1
Owner Pays
Electricity: 1
Sewer: 1
Trash Collection: 1
Water: 1
Tenant Pays
Cable TV: 1
Heating
Electric: 1
Forced Air: 1
Patio and Porch Features
Porch: 1
Cooling
Central Air: 1
None
Current Price: $1,870,000
Property Features
Architectural Style: Other
Construction: Brick; Concrete
Roof: Pitched; Shingle
Owner Pays: Electricity; Trash Collection; Water
Tenant Pays: Cable TV
Patio and Porch Features: Porch
Utilities: Electricity Connected
Water Source: Public
Sewer: Public Sewer
Heating: Electric; Forced Air
Cooling: Central Air
Lot Description: Dead End
Listing Office:
EXP Realty LLC
Last Updated: November - 27 - 2024
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.