4115 Pinecroft Dr, Louisville, KY 40219 (MLS# 1592642)

4115 Pinecroft Dr, Louisville, KY 40219

$805,000

Property Type: Multi Family Square Footage: 6,000 Status: Closed

Current Price: $805,000 List Date: 8/01/2021 Last Modified: 11/27/2024

Overview

Description

This offering includes 4115 and 4117 Pinecroft Dr., 12 units each, for a total price of $1,790,000, or may possibly be sold separately. The asset has been well-maintained, with new roofs and unit upgrades. The 24 units are all 1BR/1BA, and have enjoyed consistent occupancy and revenues, with low turnover or maintenance expense. One of the tenants works as the property manager, and ensures that the property is well-maintained, and inhabited with timely-paying tenants. Highlights include: > 24 1BR/1BA units > Stabilized property with efficient operation in place > Separately metered for LGE (LL pays some LGE, see rent roll) > Close proximity to I-65 and new industrial developments > Ample off street parking > Opportunity to increase rents as longer term tenants vacate

Listing Details MLS# 1592642

General Listing Information

Listing Price: 895000
Property Sub Type: Apartment
HOA Y/N: No

Location

Street #: 4115
Street: Pinecroft
St Suffix: Dr
Area: 06-Buchel/Hghvw/okolona/FernCreek
Sub Area: A
County: Jefferson
State/Province: KY
Zip Code: 40219
Subdivision/Condo: NONE
Directions: I-65 S to Outer Loop. Take exit 127 Continue on Outer Loop to your destination 4115 Pinecroft Dr
Deed Bk: No
Parcel ID: No
Pg #: No
Block: No
Lot: No

Contract Info

Original List Price: 895000
Disclosure: No

Property Description

SqFt -Total Finished: 6000
Above Grade Finished: 6000
SqFt - Source: Other
First Floor Laundry: No
Total Units: 12
Covered Parking: No
# of Furnaces: 12
# of Water Heaters: 12
Separate Meters: Yes
Sold As-Is: No
M Struct Flood Plain: Yes
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
Age: 0
# Parking Spaces: 0
Term/Lease: No

Status Change Info

Contract Acceptance Date: 2021-10-21
Sold Date: 2022-01-21

More Information

Sewer

Public Sewer: Yes

Construction

Brick: Yes

Roof

Shingle: Yes

Heating

Forced Air: Yes

Exterior

Balcony: Yes

Property Features

Construction: Brick Roof: Shingle Exterior: Balcony Sewer: Public Sewer Heating: Forced Air

Listing Office: PRG Commercial Property Advisors

Last Updated: November - 27 - 2024

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