1016 Cherokee Rd is a five-plex with an excellent rental history. This 1880 Victorian was originally built by then mayor of Louisville for his two daughters to live side by side in a magnificent family compound. 1016 Cherokee Rd is comprised of four units in the main house and one unit in the carriage house and has 6,375 total finished square feet, with an additional 1225 sq ft of unfinished space in the carriage house. The first-floor unit earns $1750/month, is a two bedroom, two bath, with remodeled kitchen and bath and washer and dryer. Beautiful entryway, dining room and living room. The second floor has two units, $850 each/ month, one bed, one bath in each, washer dryer access in cellar. The third-floor rent is $925/month, one bed, one bath, washer and dryer in unit. The carriage house unit earns $1200/month, one bed, one bath, washer and dryer in unit. Unfinished space next door could be used to add sq ft to the existing unit. Lots of updates over the years. The grounds are beautiful. Excellent, highly desirable area for renters and owners alike. So close to dining, shopping, banks, coffee, nightlife. 48 hours' notice to show. All units rented with leases in place.
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