Address
1601, 3, 5 Algonquin Louisville, KY
Price
$ 565,000
Property Attributes
  • MLS#1499333
  • TypeMulti-Family
  • CountyJEFFERSON
  • CityLouisville
  • AreaDtwn Old Louisville-Shively-West Lou
  • Zip40210
  • StyleQuadplex
  • Price$ 565,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8700
Listing Provided Courtesy Of:
Metro 1
Property Description

There are 3 two-story 4-plexes for sale at numbers 1601, 1603 and 1605 Algonquin Pkwy. ALL 3 SOLD TOGETHER. The price for the 12-plex is $600,000. Each building is 2,900 sq ft. Each 1 bedroom apartment is 725 sq ft, large for this price range and in good condition which is one of the reasons they remain almost 100% occupied. Owner has spent and continues to spend considerable effort and money to bring these apartments to their excellent condition. 2015 upgrades include all gutters repaired or replaced As part of the improvement program rents are being raised. Current rents are either $475 or $500. All rents will be raised to $600 when new windows are installed. New sewer lines were installed for all 3 buildings some years ago, from buildings to street. All bathrooms have ceramic tile. Some kitchens have ceramic tile, others linoleum. Each building has a full basement and is equipped with coin operated washer and dryer for the tenants. This is an additional revenue stream. All apartments have been painted with good quality paint. Every single room has a ceiling fan, helping tenants keep their utility bills down. Convective central heat. Located at a high visibility intersection of Algonquin Parkway and S 16th Street, Louisville, Kentucky. Close to shops and on the bus line. This is a popular rental area, with a mix of residential homes, apartments and commercial establishments. THESE 3 FOUR-PLEXES ARE SOLD TOGETHER FOR $600,000. NOT SOLD SEPARATELY.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
3/30/2018 Listed $565,000

General Features

Age 63.00
Area 01-Dtwn Old Louisville/Shively/West Lou
Block 041H, 041H, 041H
Construction Brick
Energy Gas Heat, Other - See Remarks
Listing Status Active
Owner Pays See Remarks
Project Facilities Additional Strg
Property Sub Type Quadplex
Property Type B
Public Remarks There are 3 two-story 4-plexes for sale at numbers 1601, 1603 and 1605 Algonquin Pkwy. ALL 3 SOLD TOGETHER. The price for the 12-plex is $600, 000. Each building is 2
Subdivision NONE
Tenant Pays Cable, Electric, Gas
Term/Lease M2M
Utilities City Sewer, City Water, Electric, Fuel:Natural, Other
Year Built 1955

Interior Features

Above Grade Finished 8700.00
Below Grade Finished 0.00
Total Units 12.0000

Exterior Features

Security Deposit Varied
Covered Parking No
Exterior None
Lot 0023, 0022, 0021
Lot Description Corner, Sidewalk
Number of Parking Spaces 12.0
Roof Shingle

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 40210

Price
AVG $180K
$570K
Visits
AVG 42
19
Year Built
AVG 1922
1955
Walkscore
AVG 42
36

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