Price Reduction
Address
1601, 3, 5 Algonquin Louisville, KY
Price
$ 495,000
Property Attributes
  • MLS#1499333
  • TypeContingent
  • CountyJEFFERSON
  • CityLouisville
  • AreaDtwn Old Louisville-Shively-West Lou
  • Zip40210
  • StyleQuadplex
  • Price$ 495,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8700
Listing Provided Courtesy Of:
Metro 1
Property Description

PRICE REDUCTION!! 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 $495,000. 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. As part of the improvement program rents are being raised. Current rents are either $475 or $500. As of March 2018 Seller introduced RUBS water recapture. Each tenant now pays, in addition to the rent between $25-$60 per month to landlord for water usage. 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 now has the hookups and electric upgrade necessary to handle coin operated washers and dryers for the tenants. This would be an additional revenue stream for new buyer. All apartments have been painted with good quality paint. Every single room has a ceiling fan, helping tenants keep their utility bills down. Convection heat to each unit. 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 $495,000. 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
6/25/2018 13% - $495,000

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 Under Contract
Owner Pays See Remarks
Project Facilities Additional Strg
Property Sub Type Quadplex
Property Type B
Public Remarks PRICE REDUCTION!! 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 $495, 000. Each building is 2
Security Deposit Varied
Subdivision NONE
Tenant Pays Cable, Electric, Gas
Term/Lease M2M
Year Built 1955

Interior Features

Above Grade Finished 8700.00
Below Grade Finished 0.00
Total Units 12.0000
Utilities City Sewer, City Water, Electric, Fuel:Natural, Other

Exterior Features

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 $290K
$500K
Visits
AVG 14
24
Year Built
AVG 1978
1955
Walkscore
AVG 45
36

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