408 Kensington Ct, Louisville, KY 40208

$950,000
Property Type: Multi Family Square Footage: 13,158 Lot Size (sq. ft.): 0 Status: Closed
Current Price: $950,000 List Date: 4/29/2024 Last Modified: 11/26/2024

Overview

Description

This rare multifamily opportunity is situated on a quiet walking court in Old Louisville, blocks from Manual High School. The property is a purpose built apartment building of 12 large units with a diverse mixture of 1, 2 and 3 BR units with hardwood flooring, some including balconies overlooking the walking court. A large, full lower level was formerly finished and could potentially be converted to another unit for added value. The property is located on the south side of Old Louisville in close proximity to UofL. It has separate gas and electric meters with those utilities paid by the tenants and separate hot water heaters. An investor will enjoy a high demand tenant base, as well as strong intrinsic value of the underlying real estate. > 12 sizable units (10-2BR/1-3BR/ 1-1BR

Listing Details MLS# 1659695

General Listing Information

Listing Price
1100000
Property Sub Type
Apartment
HOA Y/N
No
HOA Annual $
0

Location

Street #
408
Street
Kensington
St Suffix
Ct
Area
01-Dtwn Old Louisville/Shively/West Lou
Sub Area
A
County
Jefferson
State/Province
KY
Zip Code
40208
Deed Bk
10490
Parcel ID
033C00920000
Pg #
0349
Subdivision/Condo
NONE
Block
033c
Lot
0092
Directions
4th Street to Kensington

Contract Info

Original List Price
1200000
Disclosure
No

Property Description

SqFt -Total Finished
17544
Above Grade Finished
13158
Below Grade Finished
4386
Below Grade Unfin
4386
Sqft - Total Unfin
4386
SqFt - Source
Other
First Floor Laundry
No
Garage Y/N
No
Basement Y/N
Yes
Total Units
12
Lot Size Dimensions
150x59
Lot SF
0.24
Security Deposit
Yes
Age
119
Year Built
1905
Covered Parking
No
Term/Lease
Yes
# of Furnaces
12
# of Water Heaters
Yes
Separate Meters
Yes
Sold As-Is
Yes
M Struct Flood Plain
No
Nonconform SqFt Fin
0
Above Grade Unfin
0
# Parking Spaces
0

Status Change Info

Contract Acceptance Date
2024-06-26
Sold Date
2024-09-09

More Information

1st Level

Total Units
12

Architectural Style

Other
Yes

Sewer

Public Sewer
Yes

Construction

Brick
Yes

Roof

Flat
Yes

Heating

# of HVAC Units
Yes
Natural Gas
Yes

Exterior

Balcony
Yes

Property Features

Architectural Style: Other Construction: Brick Roof: Flat Exterior: Balcony Sewer: Public Sewer Heating: # of HVAC Units; Natural Gas
Listing Office: PRG Commercial Property Advisors
Source MLS Verified
Last Updated: November - 26 - 2024
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