1622 Cedar St., Louisville, KY 40203 • REDUCED 5 UNIT! • $25,000.00 OBO

Updated: Feb 6

ATTENTION INVESTORS!

1622 Cedar St., Louisville, KY 40203

5 Units @ $5K A UNIT! • Assignable Contract Available!



EXCELLENT BUY-N-HOLD MUTLI-FAMILY OPPORTUNITY!

 

The Numbers:

  • Asking : $25,000.00 OBO

  • ARV : $125,000.00 (Based on Ave. Unit Price)

  • Fair Market Rents : $3,000.00 @ $600 Per Unit (Rent-O-Meter)

Property Features: 

  • 2,726 Sq./Ft.

  • (5) 1 Bed / 1 Bath Units

  • Built in 1900 / Age Unknown (According to PVA)

  • 1/2 Crawl + 1/2 Slab

  • 9'+ Ceilings Throughout

  • (1) Unit OCCUPIED @ $500 Monthly / (4) Units VACANT

  • Common Water / Common Electric / Common Gas (Landlord Pays Utilities)

  • Structure Overall Acceptable Condition / Rehab Needed

What We Like:

  • Right in the path of Development with Multiple new builds on the block.

  • Directly on Bus Lines with easy access to Commerce and Employment.

  • BIG Equity Upside Potential!

  • Way Below Market Value with Awesome Cash on Cash Potential!

Contract Conditions:

  • $1,000.00 : Earnest Money Deposit

  • DO NOT DISTURB CURRENT RESIDENT(S) IN REAR UNIT

  • Property is Sold AS-IS; Buyers perform your own due diligence.

  • We are in possession of an Assignable Contract that allows us to market this property. All information provided by 502Rentals.com is for informative purposes only, is not binding and should not effect buyers own due diligence process or final decision to purchase.

Comparable Sales:

  1. 1607 Algonquin Pkwy, Louisville, KY • $150,000.00 • 05/2020

  2. 2032 W. Market St., Louisville, KY • $135,000.00 • 10/2019


VIEW VIDEO WALKTHROUGH


ADDITIONAL FILES

1622_Cedar_•_PVA_Card
.pdf
Download PDF • 567KB


FOR MORE INFORMATION OR TO ACCESS THIS PROPERTY

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