Investors Take Note. 1880 Victorian in the heart of Old Louisville offers 5235 Sq. Ft. graciously divided into 6 fully renovated apartments. With total rents of $5,705, minus expenses the cap rate falls right around 7.5%. All units have recently been renovated with new electrical, separate meters, most all new plumbing, kitchens and baths. You will find maple kitchen cabinetry, granite countertops, fully equipped kitchens with new appliances including dishwashers, refrigerators, gas cooktops and ovens. The bathrooms have all been renovated too and shine with tile flooring and tub and shower surrounds in white subway tile with accents. Oak & Pine wood flooring throughout most of the units along with some exposed brick accent walls. Recent updates include rebuilt front porch structure, new concrete porch stoop and sidewalk, handrails, box gutter tune-up, soffit & cornice repairs and paint, rebuilt fire escape.