2100 Murray Ave new Save Request In-Person Tour Request Virtual Tour
Louisville,KY 40205
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,750 sqft
Price per Sqft $173
Subdivision Bonnycastle
MLS Listing ID 1686174
Style Other
Bedrooms 16
HOA Y/N No
Abv Grd Liv Area 6,750
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1965
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Apartment
Property Description
A prime asset in a prime location and beautifully maintained over the last 7 years—unbeatable. This 8-unit 100% occupied multifamily property zoned R7 is nestled on a tree lined street in a premier residential area. Ideally positioned one block from Bardstown Road, a high-traffic commercial corridor spanning three miles of unique, locally owned retail and dining establishments. Additionally, it's located less than two blocks from Cherokee Park, one of the city's most desirable recreational assets where one can enjoy immediate access to 400+ acres of natural beauty. Each unit is ~840 sq ft with two bedrooms, one full bathroom, living room, dining area, kitchen, and closets. Capital expenditures over the past few years ~ $80,000+: replacement windows (exception: back side of property), rebuilt stairways with new railing, aluminum wrap, concrete repairs, low maintenance landscaping, new glass entry storm doors and trim, added exterior light fixtures plus renovated 5 of the units with lvp flooring, new lighting, new appliances, remodeled kitchen/bath. The five remodeled units average rent is $1,274. The remaining three 'retro' units are month-to-month tenants with average rent $882. Undermarket rents present a clear value-add opportunity for increased cash flow. Additional amenities include coin-operated laundry and individual locked storage for each unitboth located in the basement to enhance tenant appeal. Individually metered gas and electric minimize owner expensesowner covers water, sewer, and trash. Four unassigned surface parking spaces supplement plentiful on-street parking at the side and front, enhancing tenant convenience and accessibility.
Location
State KY
County Jefferson
Direction Bardstown Rd to Murray Ave (1 block) or Cherokee Rd, Bonnycastle, Cowling, to Murray Ave
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Exterior
Exterior Feature Balcony
View Y/N No
Roof Type Shingle
Porch Porch,Wrap Around
Garage No
Building
Lot Description Corner Lot,Sidewalk
Building Description Wood Frame,Brick Veneer, Laundry Facility,Additional Strg,Pets Allowed
Sewer Private Sewer,Public Sewer
Water Public
Architectural Style Other
Structure Type Wood Frame,Brick Veneer