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USAKYLouisville4307 Elliott Ave
4307 Elliott Ave, Condo with 12 bedrooms, 6 bathrooms and null parking in Louisville KY | Image 1
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$385,000

4307 Elliott Ave, Louisville, KY

Condo

For Sale

$--,---,---
1260
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 5408 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 0
Approx. Age 1946
Avg. Price Per Sqft $71
MLS® Number 1698438

Property Address: 

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

Description

This solid income-producing 6-unit apartment building is 100% occupied and already generating strong cash flow. Current monthly rental income totals $4, 815 across all units: • Apt 1 - $755 • Apt 2 - $755 • Apt 3 - $850 • Apt 4 - $755 • Apt 5 - $850 • Apt 6 - $850 Total Annual Gross Income: $57, 780 Operating expenses are very manageable, with water averaging $300-$400, electric only $60-$70, and dumpster service at $115 monthly. With low overhead and stable tenants already in place, this property offers excellent cash-on-cash returns and immediate income from day one. Highlights: • Fully rented - no vacancy worries • Strong rental demand in the area • Low operating expenses • Turnkey investment with This is an ideal opportunity for both new and seasoned investors looking for reliable monthly income and long-term appreciation. At the current rent roll with a $385, 000 sales price, this 6-plex produces a 13.4% cap rate with $51, 420 in annual NOI  making it an outstanding turnkey cash-flow opportunity. We need a 24 hour notice for all showings so don't hesitate! Schedule your showing today before it is gone. *The photos pictured are of the units that were remodeled before getting new tenants.Show Description
MLS® Number1698438
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorNone
GarageNo
Approx. Age1946
Stories
Pets
Corp Number

Included in Maintenance Fee

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

Utilities

HeatForced Air, Natural Gas
A/CCentral Air
Heating Fuel

Extras

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