1279 S Preston St, Louisville, KY 40203

1279 Preston St, Louisville, KY, 40203
$435,000

Basics

Date added Added 5 months ago Type Status Bathrooms 0 baths
Area 4688 sq ft Lot size 0 sq ft Year built 1890 County Or Parish Jefferson
Subdivision Name NONE MLS ID 1653753

Description

  • Description:

    Check out this updated cash flowing 7 Plex with $6,000/month of rental income. This building has been significantly renovated over the past several years with five units rehabbed and rented out to Veterans using the metro section 8 voucher program. The C2 zoning allows for a great deal of flexibility with this building for opportunities for short term rentals, retail, office space or continued multifamily housing. 2024 voucher increases are a plus for this building and opportunity to rehab and increase rents for several more units. Located in the up and coming area of Shelby Park, this multifamily is a perfect addition to an existing portfolio or a great way to start to build a portfolio. Property Professionally managed. Current rent roll is $5,000/month with gross potential after renting last unit increases to $5,925/month. Property has electric water heater paid by owner. All units metered out for electric. Rent Roll and financials available upon request.

Location

  • Directions: Take St Catherine W off I-65 S. Turn right onto St Catherine. Turn left onto S First. Left onto E Oak St. Right onto S Preston. Property is on the left.

Building Details

  • Architectural Style: Select One
  • Electric: MultiFamily
  • Roof: Shingle
  • Construction Materials: Vinyl Siding

Amenities & Features

  • Cooling: Central Air
  • Exterior Features: None
  • Utilities: City Sewer, City Water
  • Heating: Electric, Forced Air, Natural Gas, Heat Pump, MiniSplit/Ductless

Miscellaneous

  • List Office Name: PML Real Estate Group LLC
  • 0

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This style property is located in Louisville is currently and has been listed on ZHomes. This property is listed at $435,000. It has bedrooms, 0 baths bathrooms, and is 4688 sq ft. The property was built in 1890 year.

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