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$ 1,650,000
Est. payment /mo
Price Dropped by $147K
402 N Hite Ave Louisville, KY 40206
11,040 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 11,040 sqft
Price per Sqft $149
MLS Listing ID 1713853
Style Traditional
HOA Y/N No
Abv Grd Liv Area 11,040
Year Built 1966
Lot Size 0.570 Acres
Acres 0.57
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 11040
Property Description
This 20-unit multifamily asset is ideally situated just off Lower Brownsboro Road in the established Clifton Heights submarket of East Louisville. The property consists entirely of one-bedroom, one-bathroom units, a highly desirable configuration that supports consistent tenant demand and strong occupancy. Residents benefit from a convenient location with easy access to nearby retail, dining, and everyday amenities, enhancing the property's long-term rental appeal. The asset is professionally managed and features separately metered units with electric HVAC systems. Tenants are responsible for their own heating and cooling costs, helping to minimize operating expenses and reduce ownership risk. Significant capital improvements have been completed over the past five years, including updates to roofs, windows, and HVAC systems, contributing to the property's overall stability and reduced near-term capital needs. This offering represents an opportunity to acquire a well-maintained, income-producing asset in a proven infill location within East Louisville.
Location
State KY
County Jefferson
Direction N. Hite off Brownsboro Road
Interior
Heating Other
Exterior
Exterior Feature None
View Y/N No
Roof Type Asphalt
Garage No
Building
Architectural Style Traditional
Structure Type Brick
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Listed by Colliers
NEARBY SCHOOLS & PROPERTIES
Jason Jarstfer
Principal Broker, Principal Auctioneer, US Army Veteran | License ID: 209324