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USAKYLouisville2307 W Chestnut St
2307 W Chestnut St, Condo with 28 bedrooms, 12 bathrooms and null parking in Louisville KY | Image 1
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$855,000

2307 W Chestnut St, Louisville, KY

Condo

For Sale

$--,---,---
28120
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 11866 sqft
Garage Yes
Maintenance Fees 
Taxes 
Days Active 1
Approx. Age 1890
Avg. Price Per Sqft $72
MLS® Number 1687905

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Scoop up this Fully Leased, 10-Unit Residential Portfolio that exceeds the 1% Rule. Attractively priced at $85, 500/unit this package includes 8 SFHs, 1 Duplex and a Vacant Lot, this value-add investment opportunity comes with mostly long-term, M2M tenants at below-market rental rates that provides another investor a strong basis to incrementally increase rents. This reasonable entry-point provides a solid foundation with stable returns to build upon, regardless if you're a seasoned investor or just entering the market. Don't miss out on this rare chance to acquire a fully rented, income-producing asset in a growing market. The 10 doors generate ~$9, 000/month: 6216 Hackberry Way: $1, 175/mo - tenant M2M since 2008 (3 Bed, 1 Bath, 925 sqft w/ newer roof, cabinets, flooring) 2307 W Chestnut St (DUPLEX): $1, 689/mo ($989 1st floor section 8; $700 2nd floor) 1414 S Floyd St: $897/mo (Sec 8) - tenant M2M since 2005 (2 Bed, 1 Bath, 810 sqft w/ no central HVAC) 1786 W Gaulbert St: $825/mo - tenant M2M (2 Bed, 1 Bath, 927 sqft w/ newer carpet, updated bath + kitchen, central HVAC, replacement windows) 2502 Garland Ave: $650/mo, tenant M2M since 2022 (2 Bed, 1 Bath, 1, 092 sqft) 2107 W Kentucky St: $895/mo (Sec 8) - tenant M2M since 2013 (3 Bed, 1.5 Bath, 1, 422 sqft w/ newer roof, central HVAC, 1.5 car garage) 1826 W Hill St: $750/mo - tenant M2M since 1987 (4 Bed, 1 Bath, 1, 608 sqft w/ older roof, no central HVAC) 2711 W Market St : $1, 350/mo - tenant M2M (4 Bed, 2 Bath, 2, 018 sqft w/ space to add 2 more bedrooms upstairs, 2 Car Garage, central HVAC, 2 car garage) 2723 Saint Xavier St: $900/mo - tenant M2M since 2021 (4 Bed, 1 Bath, 1, 480 sqft w/ central HVAC, older roof) corner lot that includes 2725 Saint Xavier St (.07 acres) Most homes have newer windows, some roofs replaced and some have granite countertops. The owner has done a nice job keeping the majority of the homes in average or better condition, and addressing issues when they arise. Scoop up this package today to build your portfolio! Please do not approach properties or contact tenants. Buyer to verify any and all information including but not limited to lot size, square footage, structural, utilities, zoning, comparables, # of beds, # of baths, etcShow Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number1687905
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorSee Remarks
GarageYes
Approx. Age1890
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatElectric, Forced Air, Natural Gas
A/CCentral Air, Wall/Window Unit(s)
Heating Fuel

Extras

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