1630 S 2nd St - Multi-Family FOR SALE


Louisville, KY 40208- Old Louisville
$3,675,000 USD
502-384-4991
1630 S 2nd St, Louisville, KY for Sale
$3,675,000 USD
Multi-Family - FOR SALE
1/37
null | Request Cap Rate

1630 S 2nd St
Louisville, KY 40208
Old Louisville


OVERVIEW

24 Individually Deeded Condos – Rare Trophy Asset Investment Outstanding opportunity to acquire a unique 24-unit, individually deeded condominium property with long-term ownership and self-management history and strong potential for rental income growth. Unit Mix: • 14 one-bedroom, one-bath units (~900 sq. ft.) • 10 two-bedroom, one-bath units (~1,200 sq. ft.) • Hardwood and tile flooring with generous closet space Property Features: • Individually metered—tenants responsible for all utilities • Double-pane windows, central heating & air • Secure gated community with landscaped courtyard and full brick perimeter wall • Upper-level condos include two balconies; lower-level condos feature private patios • Dedicated off-street parking Prime Location: Directly across from Manuel High School, just two blocks from UofL Cardinal Towne, minutes from Churchill Downs and Downtown Louisville, with seamless access to I-65. This is a true “one of a kind” trophy asset in a highly desirable area. Contact the listing agent for further details. • Roof ~ 12 years • Double pane windows • 24 Separate water heaters • 24 Separate furnaces & AC units • Laundry hookups in each unit • Water bill prorated back to tenants $25/month • Self-managed property • Tenants pay electric/gas • Condo types: (14 - 1 bed, 10 – 2 bed)

FOR SALE DETAILS

PRICE

$3,675,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

24

PRICE/UNIT

$153,125

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Minerva Court Condominums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

TNZD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John RendeiroColumn RealtyMore Info
502-384-4991

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John RendeiroColumn RealtyMore Info
502-384-4991

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.