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Sold for $380,000
  • $380,000

    5506 Lodema Way, Louisville, KY 40219

    8beds
    4baths
    4,130sqft
    Quadruplex
    Built in 1965
    -- sqft lot
    $436,200 Zestimate®
    $92/sqft
    $1,296 Estimated rent

    Home value

    $436,200

    $410,000 - $467,000

    $1,296/mo

    Zestimate® history
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    $2,378/mo

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    What's special

    Welcome to 5506 Lodema Way, charming 4-Unit Building with Prime Rental Opportunity. This a fantastic investment opportunity in a convenient location. The well-maintained building offers both comfort and convenience, making it an excellent addition to any real estate portfolio. Residents will appreciate the convenience of nearby schools, parks, shopping centers, and easy access to major transportation routes, including I-65. Each of the units boasts a spacious 2Br/1Ba layout, providing ample space for comfortable living. The thoughtful design is ideal for attracting tenants seeking both affordability and comfort. With all units currently rented at $800 per month, this property promises steady & attractive rental income. The consistent rental history demonstrates its appeal to tenants and its potential as a lucrative investment. This property has been well maintained, ensuring peace of mind for landlords and tenants alike. Regular upkeep and attention to detail have preserved the property's charm and functionality. The property offers off-street parking for tenants, adding to their convenience and satisfaction. Whether you're an experienced investor looking to expand your real estate portfolio or a newcomer seeking a reliable income-generating property, this building presents an exceptional opportunity. Louisville, KY, is a vibrant city with a rich cultural heritage, a thriving job market, and a welcoming community. Your tenants will enjoy all the benefits of living in this dynamic city. Don't miss the opportunity to acquire this turnkey investment property. With its excellent location, well-maintained units, and strong rental history, 5506 Lodema Way offers the perfect combination of stability and potential for your real estate investment goals.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jonathan E Sisco,

    Semonin Realtors

    Bought with:

    Felipe J Mendoza, 215013

    Henderson Realty Service LLC

    Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1645969MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Natural Gas
    Cooling
    • Central Air
    Features
    • Has basement: No
    Interior area
    • Total structure area: 4,130
    • Total interior livable area: 4,130 sqft
    • Finished area above ground: 4,130
    • Finished area below ground: 0

    Property

    Features
    • Patio & porch: Porch
    Lot
    • Size: 0.27 Acres
    • Dimensions: 583 x 136 x 85 x 138
    • Features: Dead End
    Details
    • Parcel number: 062402810000

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Brick
    • Roof: Shingle
    Condition
    • Year built: 1965

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Community
    • Subdivision: Trails End
    HOA
    • Has HOA: No
    Location
    • Region: Louisville

    Financial & listing details

    • Price per square foot: $92/sqft
    • Date on market: 9/22/2023
    • Tenant pays: Cable TV, Electricity, Gas
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    11/3/2023Sold$380,000-3.8%$92/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1645969 Report a problem
    9/29/2023Contingent$395,000$96/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1645969 Report a problem
    9/22/2023Listed for sale$395,000+42.1%$96/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1645969 Report a problem
    3/24/2021Sold$278,000+6.9%$67/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1577798 Report a problem
    1/25/2021Pending sale$260,000$63/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1577798 Report a problem
    1/21/2021Listed for sale$260,000+118.5%$63/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1577798 Report a problem
    8/14/2018Listing removed$119,000$29/sqft
    Source: Caperton Realty #1511598 Report a problem
    8/11/2018Listed for sale$119,000$29/sqft
    Source: Caperton Realty #1511598 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Okolona

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $436,200
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    +$8,724
    With Zillow Showcase(estimated)
    $444,924