1429 Hepburn

    Louisville, KY 40204
    • $595,000
    • STATUS: Active
    • ON SITE: 83 days
    • ID#: 1514833
    $595,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,258
      SQFT
    • $140
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    Description

    Rare HIGHLANDS 8-plex offering. 7 - 1BR units, 1 Eff. Great investment opportunity with the potential to increase rents. Off-street parking for four cars including two spaces in garage. Separate gas & electric meters in rear four units. All utilities paid in front four units. Rear four units were built as apartment building in late 1960's. Front four units were converted from a single-family home in 1971. Current monthly rents for 7 units is $3,065 - $36,780 (Not including vacancy). Rents are currently considerably under market. Appraiser estimates current Annual Gross Rent Potential as $57,180. Documentation available upon request.Rear four apartments roof replaced in 2011, most windows replaced in 2008, 1 unit has a lease expiration of 03/31/19 with the others month-to-month. 2 year average utility cost is $4,861. Square footages per prior appraisal - #1, #2, #3, & #4 - 551 Sq. Ft., #5 494 Sq. Ft., #6 482 Sq. Ft., #7 406 Sq. Ft., & #8 368.

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    © 2018 Greater Louisville Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Louisville. Data last updated: 2018-12-10T23:58:15.69.
    www.segrestgroup.com/homes/87581507

    1429 Hepburn Louisville, KY 40204

    • Price: $595,000
    • Status: Active
    • ID#: 1514833
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,258
    SQFT
    $140
    $/SQFT
    1900
    Built
    Neighborhood:
    Original Highlands
    County:
    Jefferson
    Area:
    Butchertwn/Highlands/Germantown
    Property Description
    Rare HIGHLANDS 8-plex offering. 7 - 1BR units, 1 Eff. Great investment opportunity with the potential to increase rents. Off-street parking for four cars including two spaces in garage. Separate gas & electric meters in rear four units. All utilities paid in front four units. Rear four units were built as apartment building in late 1960's. Front four units were converted from a single-family home in 1971. Current monthly rents for 7 units is $3,065 - $36,780 (Not including vacancy). Rents are currently considerably under market. Appraiser estimates current Annual Gross Rent Potential as $57,180. Documentation available upon request.Rear four apartments roof replaced in 2011, most windows replaced in 2008, 1 unit has a lease expiration of 03/31/19 with the others month-to-month. 2 year average utility cost is $4,861. Square footages per prior appraisal - #1, #2, #3, & #4 - 551 Sq. Ft., #5 494 Sq. Ft., #6 482 Sq. Ft., #7 406 Sq. Ft., & #8 368.
    Exterior Features

    Construction Aluminum Covered Parking Yes Exterior None Garage Parking 2 Car Garage Lot Size 50 X 170 Parking Spaces 4.0 Roof Asphalt Shingle

    Interior Features

    1st Level Bedrooms 3 1st Level Full Baths 4 1st Level Total Units 4 2nd Level Bedrooms 4 2nd Level Full Baths 4 2nd Level Total Units 4 Above Grade Finished 4258.00 Above Grade Unfin 0.00 Below Grade Finished 0.00 Below Grade Unfin 0.00 Energy Central AirForced Air HeatGas HeatWindow/Wall Unit Nonconform Sq Ft Fin 0.00 Sqft Total Unfin 0.00 Total Units 8.0000 Water Heaters 6.0000

    Property Features

    City Tax .86 County Tax .36 Disclosure Yes Flood Plain No Furnaces 7.00 Lease Term Monthly - One Yearly Multifamily Sub Type Apartment Security Deposit 2600 Separate Meters Yes Sq Ft Source Pva Utilities City SewerCity WaterElectricFuel:Natural

    Listing provided courtesy of Robert Massey Company. © 2018 Metro Search, Inc. All rights reserved.


    © 2018 Greater Louisville Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Louisville. Data last updated: 2018-12-10T23:58:15.69.
     
    Keller Williams Louisville
    6106 Dutchmans Ln
    Louisville KY, 40205