Active - Under Contract
Property Type:Single Family
On Site:42 Days
Lot Size:8,000 Sq. Ft.
Awesome, Fully-Rented, absolutely turnkey, exceedingly nice, Separately metered, Brick, late 19th Century TriPlex, 3 doors from Cardinal Blvd, Steps from U of L Belknap Campus. $33,800+ to $36,480* / Yr projected potential rental income. Recently updated w/ Higher end finishes and ATTN to QUALITY in order to attract high-end, quality, long-term tenants (@ premium market rents) Large units, w/ practical floor plans, high ceilings, beautiful Inlaid hardwood floors & original mantels, separate utility meters & separate HVAC. 1 large 2 BR/ 2 BA ''townhouse style'' apt, 1 large 1 or 2 BR (w/ no closet)/ 1 BA apt w/ basement access to Washer-Dryer & a 1 BR/ 1 BA 3rd Flr apt. All have been completely updated w/ New Kitchens (w/ Granite countertops, new cabinetry & tile floors), and New, tiled ba Bathrooms.
10-12 yrs ago, property underwent major renovation w/ complete replacement of rear roof, electrical, plumbing & HVAC systems. Within last 1-5 years: 1 C/A unit & Hot Water Heater replaced & parking lot re-surfaced w/ 9 spaces marked off.
* $33,800+ to $36,480 / Yr projected potential gross rent is based on Rentometer estimates for higher end of range- $950 to $1,025/Mo for # 1 (1 or 2 BR, 1 BA w/ basement access), $1,050 to $1,105/ mo for #2 (townhouse style 2 BR/ 2 BA) and $722 to $810 / mo for (1 BR/1 BA) # 3. (See Rentometer screen shots attached to photos RE projected rent amt) + the potential of renting 2 parking spaces @ $50/Mo each ($100 Total). Basement has exterior entry and would a perfect coin-operated laundry area.
Current, actual rent @ full occupancy is $2,100 mo - $500 (#1 / Exp 6/30/2022) , $1,000 (#2 / Exp 6/30/2022) and $600 (# 3/ now mo-to-mo lease, exp 6/30/2021)