Fully occupied and professionally managed 8-plex adjacent to Audubon Park with off-street parking. Consisting of four 1-bedroom units, two efficiency units, one two-level 2 bedroom unit, and one 1-bedroom+ unit. The building currently has an annual revenue of over $57,000, with three units still at under-market rents, giving the building a potential revenue of approximately 60,000 or more. This building has undergone almost $200,000 in improvements in the last 3 years. All work was completed to commercial-building standards, featuring completely new & upgraded electrical, 15 mitsubishi in-wall cooling & heating units with remote control, separate central air recirculating systems for each unit, new windows throughout, new exterior doors throughout, water/moisture sealing the basement with a drainage and sump pump system (100 year warranty), landscaping, renovations in two units, and many other improvements. The maintenance free exterior is composed of Bedford Stone and vinyl. Mostly hardwood floors, some new carpet (including the common hallways), and new wood laminate flooring (in the basement unit). Because of the great location on a street with well-maintained single-family homes, minutes from U of L, the Highlands, 264, Audubon Hospital, Geo. Rogers Clark Park, and downtown, these very charming and desirable apartments rent within days and experience very little turnover.
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