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$ 230,000
Est. payment /mo
Active
1836 Algonquin Pkwy Louisville, KY 40210
4 Beds
1 Bath
3,767 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,767 sqft
Price per Sqft $61
MLS Listing ID 1716326
Style Traditional
Bedrooms 4
HOA Y/N No
Abv Grd Liv Area 2,279
Year Built 1940
Property Sub-Type Quadruplex
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 2279
Property Description
Excellent opportunity to own an income-producing multi-unit property with immediate cash flow and future upside. Two of the three units are currently leased, providing rental income from day one, while the third unit is vacant and ready for an owner-occupant or new tenant. Live in one unit while tenants help offset your mortgage, or lease the vacant unit for additional income. The property has been well improved and offers an additional value-add opportunity in the unfinished basement, where much of the groundwork has already been completed for a potential fourth unit, including a separate entrance (subject to approvals and permitting). With two income-producing units, one vacant unit, and future expansion potential, this is an ideal opportunity for both cash flow and long-term upside Excellent opportunity to own an income-producing multi-unit property with immediate cash flow and future upside. Two of the three units are currently leased, providing rental income from day one, while the third unit is vacant and ready for an owner-occupant or new tenant. Live in one unit while tenants help offset your mortgage, or lease the vacant unit for additional income. The property has been well improved and offers an additional value-add opportunity in the unfinished basement, where much of the groundwork has already been completed for a potential fourth unit, including a separate entrance (subject to approvals and permitting). With two income-producing units, one vacant unit, and future expansion potential, this is an ideal opportunity for both investors and owner-occupants seeking cash flow and long-term upside.
Location
State KY
County Jefferson
Direction Dixie Hwy to Algonquin Pkwy west to property
Exterior
Exterior Feature Balcony
View Y/N No
Roof Type Shingle
Porch Porch
Garage No
Building
Lot Description Sidewalk
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Wood Frame,Brick
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Listed by Commitment Real Estate Group
NEARBY SCHOOLS & PROPERTIES
Jason Jarstfer
Principal Broker, Principal Auctioneer, US Army Veteran | License ID: 209324