Basics
Description
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Description:
Welcome to 2411 S. Shelby Street. This 5-plex apartment building presents an excellent investment opportunity. Convenient to UofL, downtown Louisville, Audubon Park, Germantown, and the Highlands, potential tenants will love the central location. This property is zoned C-1 and has endless possibilities for end use. You could keep the current apartment layout as-is (5 one bedroom, one bath units), and potentially renting units 1, 2, and 5 to high paying Section 8 tenants and enjoying a cash-cow. You could live in one of the units and rent out the others to house hack. Or convert the main floor to a short-term rental or storefront space while keeping three one bedroom apartments above and below. The roof, siding, windows, and storm windows are all updated. New kitchen cabinets for all 5 units (not yet installed) are included and convey with the property. All 5 units have separate electric meters while the gas and water are each on one shared meter. The whole building is serviced by one HVAC system and one water heater, saving potential headaches and costs from multiple systems. This property is being sold "as-is."
Location
- Directions: I-264 (Watterson Expressway) to Exit 11. Go North on Preston Highway. Continue Straight on S. Shelby Street at split with S. Preston Street. Building will be on the right in between Clarks Lane and Minoma Avenue.
Building Details
- Architectural Style: Bungalow
- Electric: MultiFamily
- Roof: Shingle
- Construction Materials: Wood Frame, Vinyl Siding
Amenities & Features
- Cooling: Central Air, Wall/Window Unit(s)
- Exterior Features: Porch
- Utilities: City Sewer, City Water, Electricity Connected, Fuel:Natural
- Heating: Forced Air, Natural Gas
Miscellaneous
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