5501 Lodema Way, Louisville, KY 40219

Great opportunity to purchase a fully rented quadplex with immediate cash flow. 4 large units featuring a large living room, eat-in kitchen with laundry room, 2 bedrooms and bath with tub and shower. There is parking for tenants within steps of the front door. The rear yard has a separate concrete patio for each tenant. Each unit has its own HVAC and water heater and each unit has its own electric meter. All of the HVAC systems and water heaters have been replaced since the current owner purchased the property in 2011. Units 2 and 3 have been recently painted and have had hardwood laminate installed in all rooms. Unit 2 has a new bathroom installed in July 2023. Hardwood laminate has been added to most all rooms in each unit. The landlord covers trash pick up and water, the tenant pays for electric and gas. Two long term tenants are currently on a month to month lease. Unit one is leased at $595 and Unit 4 is leased at $625 offering much opportunity to increase rents on these two units. Two tenants are currently on one year leases that expire in July and August of 2024. Their rental lease if for $725 per month. Ideally located near Preston Highway, Poplar Level Road, I-264 and I-265, this property is near major shopping and major employers in the city including General Electric/Haier.