208 W Ormsby Ave, Louisville, KY 40203 (MLS# 1591513)

208 W Ormsby Ave, Louisville, KY 40203

$865,000

Virtual Tour

http://propertytour.photos/uvt/R6P2U/GLAR/1591513/208-W-Ormsby-Louisville-KY-40203

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Property Type: Multi Family Square Footage: 7,206 Status: Closed

Current Price: $865,000 List Date: 7/21/2021 Last Modified: 1/03/2025

Overview

Description

INVESTMENT OPPORTUNITY!!! located in Old Louisville. This fully leased brick 9-plex building is a rare find in the neighborhood - a multi-family which has dedicated off street parking for 15 vehicles specifically for the building. Each unit has its own HVAC as well as use of a courtyard area. The building is individually metered, Tenants pay LG&E, Owner pays water. This building has a 100% occupancy rate and a very low vacancy history. The building consists of two-2 bed-room apartments, 2-studio apartments, remainder are 1 bedroom. Laundry facility across the street, basement storage. Property Management services available after sale.

Supplements: The building is located in the heart of Old Louisville, minutes to UofL, Churchill Downs, Downtown and easy convenient access to I-65. Opportunity for higher rent revenue. Rent Roll and P&L available upon request (contact listing agent).

Listing Details MLS# 1591513

General Listing Information

Listing Price: 920000
Property Sub Type: Apartment
HOA Y/N: No

Location

Street #: 208
St Dir: W
Street: Ormsby
St Suffix: Ave
Area: 01-Dtwn Old Louisville/Shively/West Lou
Sub Area: A
County: Jefferson
State/Province: KY
Zip Code: 40203
Deed Bk: 10904
Parcel ID: 032E00690000
Pg #: 27
Subdivision/Condo: OLD LOUISVILLE
Block: 032E
Lot: 0069
Directions: I-65 South, exit Right on St. Catherine St, Left on S. 3rd Street, Left on W. Ormsby Ave, building on Left.

Contract Info

Original List Price: 920000
Disclosure: No

Property Description

SqFt -Total Finished: 7206
Above Grade Finished: 7206
SqFt - Source: Other
First Floor Laundry: No
Total Units: 9
Age: 121
Year Built: 1900
# Parking Spaces: 15
Covered Parking: No
Term/Lease: MTM
# of Furnaces: Yes
# of Water Heaters: Yes
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
Lot Size Dimensions: No
Security Deposit: No

Status Change Info

Contract Acceptance Date: 2021-08-19
Sold Date: 2021-10-04

More Information

1st Level

Total Units: 3
# of Rooms: 12
Living Room: 2
Full Baths: 3
Closets: 6
Kitchen: 3
Refrigerator: 3
Range: 3
Laundry: Yes

2nd Level

Total Units: 4
Living Room: 3
Full Baths: 4
Closets: 8
Kitchen: 4
Refrigerator: 4
Range: 4

3rd Level

Total Units: 2
# of Rooms: 8
Living Room: 2
Full Baths: 2
Closets: 6

Cooling

# of HVAC Units: 9
Central Air: Yes

Architectural Style

Other: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

Construction

Brick: Yes

Roof

Flat: Yes

Owner Pays

Water: Yes

Tenant Pays

Electricity: Yes
Gas: Yes

Heating

Natural Gas: Yes

Patio and Porch Features

Deck: Yes
Patio: Yes

Exterior

Balcony: Yes

Property Features

Architectural Style: Other Construction: Brick Roof: Flat Owner Pays: Water Tenant Pays: Electricity; Gas Exterior: Balcony Patio and Porch Features: Deck; Patio Water Source: Public Sewer: Public Sewer Heating: Natural Gas Cooling: Central Air

Listing Office: Semonin Realtors

Last Updated: January - 03 - 2025

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