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4403 Kern

Louisville, KY 40218
  • $650,000
  • STATUS: Pending
  • ON SITE: 14 Days
  • ID#: 1611638
Pending
UPDATED: 63 min ago
$650,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,430
    SQFT
  • $101
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Ratings & Info

Description

The offering consists of two 4-plexes with all the units being 2-bed 1-bath apartments (roughly 780 SF each).Each unit has central air & heating as well as washer/dryer hook-ups.Very stable tenant base with several tenants staying on-site for many years.The owner has implemented a ''water fee'' on all leases executed within the last 6 months (2 in total). A similar strategy can be implemented by a new owner on future lease renewals. The properties are in close proximity to GE and many other employers with well-paying jobs. Significant value-add opportunity for investors as rents are currently below market and rental demand in the area is strong.Contact the listing agent for a private showing. All offers will be reviewed by the owner on Sunday (May 15th) at 6 pm EST. All offers must be accompanied with a pre-approval letter from a lender. To access relevant property data and financials, fill out the following confidentiality agreement: https://docs.google.com/forms/d/e/1FAIpQLSfXyLA3u680Mq36WG1iwNVe0DoZ8ENxD-y7K5dY65v74qJ1gA/viewform?usp=sf_link

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© 2022 Metro Search Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than The Stiller Group | Schuler Bauer Real Estate Services are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Data last updated: 2022-05-24T19:58:24.953.
www.thestillergroup.com/homes/128507972
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4403 Kern Louisville, KY 40218

  • Price: $650,000
  • Status: Pending
  • On Site: 14 Days
  • Updated: 63 min ago
  • ID#: 1611638
0
Beds
0
Baths
0
½ Baths
N/A
Acres
6,430
SQFT
$101
$/SQFT
1971
Built
Neighborhood:
None
County:
Jefferson
Area:
Buechel/Highview/Okolona/Fern Creek
Property Description
The offering consists of two 4-plexes with all the units being 2-bed 1-bath apartments (roughly 780 SF each).Each unit has central air & heating as well as washer/dryer hook-ups.Very stable tenant base with several tenants staying on-site for many years.The owner has implemented a ''water fee'' on all leases executed within the last 6 months (2 in total). A similar strategy can be implemented by a new owner on future lease renewals. The properties are in close proximity to GE and many other employers with well-paying jobs. Significant value-add opportunity for investors as rents are currently below market and rental demand in the area is strong.Contact the listing agent for a private showing. All offers will be reviewed by the owner on Sunday (May 15th) at 6 pm EST. All offers must be accompanied with a pre-approval letter from a lender. To access relevant property data and financials, fill out the following confidentiality agreement: https://docs.google.com/forms/d/e/1FAIpQLSfXyLA3u680Mq36WG1iwNVe0DoZ8ENxD-y7K5dY65v74qJ1gA/viewform?usp=sf_link
Exterior Features

Construction Brick Covered Parking No Exterior Deck Lot Description Cul De Sac Lot Size 0.4682 Acres Parking Spaces 16.0 Roof AsphaltOther

Interior Features

1st Level Bedrooms 8 1st Level Full Baths 4 1st Level Rooms 20 1st Level Total Units 4 2nd Level Bedrooms 8 2nd Level Full Baths 4 2nd Level Rooms 20 2nd Level Total Units 4 Above Grade Finished 6430.00 Above Grade Unfin 0.00 Below Grade Finished 0.00 Below Grade Unfin 0.00 Energy # Of Hvac UnitsNatural Gas First Floor Laundry No Nonconform Sq Ft Fin 0.00 Sqft Total Unfin 0.00 Total Units 4.0000 Water Heaters 8.0000

Property Features

City Tax N/A County Tax N/A Disclosure No Flood Plain No Furnaces 8.00 HOAAnnual Amount 0 Lease Term N/A Multifamily Sub Type Quadplex Owner Pays SewerTrash RemovalWater Security Deposit N/A Separate Meters Yes Sq Ft Source List Agent Tenant Pays CableElectricGas Utilities City SewerCity Water

Listing provided courtesy of Grisanti Group Commercial Real Estate. © 2022 Metro Search, Inc. All rights reserved.


© 2022 Metro Search Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than The Stiller Group | Schuler Bauer Real Estate Services are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Data last updated: 2022-05-24T19:58:24.953.
 
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The Stiller Group | Schuler Bauer Real Estate Services
4206 Charlestown Rd Ste 200
New Albany IN, 47150