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

Overview

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

Listing Details MLS# 1652107

General Listing Information

Listing Price
1850000
Property Sub Type
Apartment
REO/Bank Owned/HUD
No
HOA Y/N
No
HOA Annual $
0

Location

Street #
1600-1614
Street
Brick Kiln
St Suffix
Ln
Area
04-Pleasure Rdg/Valley Station/Shively
Sub Area
A
County
Jefferson
State/Province
KY
Zip Code
40216
Deed Bk
12403
Parcel ID
131801030000
Pg #
638
Subdivision/Condo
NONE
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.

Contract Info

Original List Price
1850000
Disclosure
No

Property Description

SqFt -Total Finished
15900
Above Grade Finished
15900
SqFt - Source
Other
First Floor Laundry
No
Garage Y/N
No
Basement Y/N
No
Total Units
24
Lot Size Dimensions
N/A
Lot SF
56628
Security Deposit
1 month rent
Age
57
Year Built
1967
# 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
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
2024-01-22
Sold Date
2024-04-12

More Information

1st Level

Total Units
12
Living Room
12
Full Baths
12
Kitchen
12

2nd Level

Total Units
12
Living Room
12
Full Baths
12
Kitchen
12

Architectural Style

Other
Yes

Lot Description

Dead End
Yes

Utilities

Electricity Connected
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Construction

Brick
Yes
Concrete
Yes

Roof

Shingle
Yes
Pitched
Yes

Owner Pays

Electricity
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Tenant Pays

Cable TV
Yes

Heating

Electric
Yes
Forced Air
Yes

Patio and Porch Features

Porch
Yes

Cooling

Central Air
Yes

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
Source MLS Verified
Last Updated: November - 27 - 2024
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