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Sold for $1,870,000
  • $1,870,000

    1600-1614 Brick Kiln Ln, Louisville, KY 40216

    24beds
    24baths
    15,900sqft
    Apartment
    Built in 1967
    -- sqft lot
    $-- Zestimate®
    $118/sqft
    $1,075 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,075/mo

    Zestimate® history
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    What's special

    eXp Commercial, LLC is pleased to present this fully occupied 24-unit apartment complex conveniently located off of Dixie Highway on Brick Kiln Lane. This complex sits within walking distance of Kroger, Walgreens, ALDI, Planet Fitness and a variety of other retail, medical, and restaurant centers. The portfolio features 15,900 SF across six buildings and sits on 1.3 acres. The tenant mix offers consistent rental income due to subsidized government assistance. Current gross rental income is $230,160 yr. Of the 24 tenants, 18 are below subsidized market rents. Seller has completely renovated the properties, improvements include new roofs, windows, mechanicals, plumbing, electric and interiors. This is a stable, cash-flowing, turn-key asset for any investors looking to expand their portfolio

    Zillow last checked:

    Listing updated:

    Listed by:

    Samuel G Higdon,

    EXP Realty LLC

    Bought with:

    EXP Realty LLC

    Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1652107MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 24
    • Bathrooms: 24
    Heating
    • Electric, Forced Air
    Cooling
    • Central Air
    Features
    • Has basement: No
    Interior area
    • Total structure area: 15,900
    • Total interior livable area: 15,900 sqft
    • Finished area above ground: 15,900
    • Finished area below ground: 0

    Property

    Features
    • Patio & porch: Porch
    Lot
    • Size: 1.3 Acres
    • Features: Dead End
    Details
    • Parcel number: 131801030000

    Construction

    Type & style
    • Home type: Apartment
    • Architectural style: Other
    • Property subtype: Apartment
    • Attached to another structure: Yes
    Materials
    • Concrete, Brick
    • Roof: Pitched,Shingle
    Condition
    • Year built: 1967

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Louisville

    Financial & listing details

    • Price per square foot: $118/sqft
    • Date on market: 1/3/2024
    • Tenant pays: Cable TV
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    4/12/2024Sold$1,870,000+1.1%$118/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1652107 Report a problem
    2/28/2024Pending sale$1,850,000$116/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1652107 Report a problem
    1/23/2024Contingent$1,850,000$116/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1652107 Report a problem
    1/3/2024Listed for sale$1,850,000$116/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1652107 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Pleasure Ridge Park

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.