USAKYLouisvilleCherokee Triangle2215 Glenmary Ave
2215 Glenmary Ave, Condo with 13 bedrooms, 6 bathrooms and null parking in Louisville KY | Image 1
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$849,900

2215 Glenmary Ave, Louisville, KY

Condo

For Sale

$--,---,---
1360
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 7064 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 0
Approx. Age 1920
Avg. Price Per Sqft $120
MLS® Number 1693778

Property Address: 

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

Description

2215 Glenmary Avenue | Rare Brick Investment in Cherokee Triangle A rare find in the heart of Cherokee Triangle, this solid brick boarding house offers an exceptional investment opportunity in one of Louisville's most desirable and walkable neighborhoods. With 18 bedrooms, 4 full baths, and 3 half baths, this property stands out for its size, location, and unique income potential. What makes this opportunity truly special is its hard-to-come-by non-conforming use status, allowing for room-by-room rentals—an advantage that's nearly impossible to replicate today. With estimated rents of $1, 000 per room per month, the property has the potential to generate $216, 000 in gross annual income and deliver a projected cap rate of over 12%. The building features shared kitchens and bath rooms, with several rooms offering private bath access. It's equipped with four HVAC units, providing reliable comfort throughout, and recent upgrades include a 2016 roof replacement and a $32, 000 plumbing update in 2023, replacing lead lines with modern systems. The property has been well cared for and is offered in AS-IS condition. Just steps from Bardstown Road's restaurants, coffee shops, nightlife, and boutiquesand minutes from the scenic trails and golf course at Cherokee Parkthis location is as strong as the numbers. Altogether, the home offers 7, 064 square feet of finished living space, including 5, 160 above grade and 1, 904 below grade. There's an additional 476 square feet of unfinished basement space, plus a 183-square-foot screened porch. Brick construction, prime zoning, and serious cash flow potentialopportunities like this in the Triangle are few and far between.Show Description
MLS® Number1693778
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorHandic Prov, Balcony
GarageNo
Approx. Age1920
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, Wall/Window Unit(s)
Heating Fuel

Extras

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