1010 S 3rd St, Louisville, KY 40203
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1010 S 3rd St, Louisville, KY 40203
1010 S 3rd St, Louisville, KY 40203
1010 S 3rd St, Louisville, KY 40203
1010 S 3rd St, Louisville, KY 40203
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$ 2,950,000
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1010 S 3rd St Louisville, KY 40203

24,561 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 24,561 sqft

Price per Sqft $120

Subdivision Old Louisville

MLS Listing ID 1711591

HOA Y/N No

Abv Grd Liv Area 24,561

Year Built 1880

Property Sub-Type Apartment

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 24561

Property Description

This Old Louisville multifamily opportunity includes 1010, 1014, 1018, and 1019 S. 3rd St. The four buildings contain up to 57 units. Three buildings have undergone a comprehensive renovation program including selective demolition to enhance unit layouts, fresh exterior paint, new gutters and downspouts, and new energy efficient windows. Interior upgrades feature updated electrical systems, substantial plumbing improvements, new window air conditioning units, and ventless gas heating systems in each unit. Units also received new flooring, modern kitchens with granite, updated cabinetry, new appliance, refreshed bathrooms, and other finishes that support strong tenant demand. The fourth building has been completely gutted and is currently undergoing renovation. The properties benefit from their proximity to major institutional demand drivers, including Spalding University immediately to the north and the University of Louisville just a few blocks to the south. This offering provides investors with the opportunity to purchase all buildings at a discounted price-per-unit, and add value by finishing the vacant building.

Location

State KY

County Jefferson

Direction Offering includes 1010, 1014, 1018, and 1019 S. 3rd Street

Interior

Heating Other

Exterior

Exterior Feature None

View Y/N No

Roof Type Other

Garage No

Building

Sewer Public Sewer

Water Public

Structure Type Brick


Greater Louisville MLS (Metro Search Inc)
Listed by Colliers
Jennifer Woods

Jennifer Woods

Agent, Co-owner

+1(859) 948-4431

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1010 S 3rd St