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 Multi-Unit Louisville Residential Portfolio

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Property Type:  Residential Income - House(s)
Last Updated:  3/7/2013 3:18:28 PM EST
Property # 32752
Location:  Louisville, Kentucky 40211 USA
View Address On Mapquest

Property Description:
1 Apt at $450.00. 1-25 Unit apart. bldg. located at 2601 W Chestnut. 26 SFH's,1 duplexes & 2 tri-plexes. Will sell the Apart. bldg. by itself for $250,000 & 26 SFH's, 1 duplexes & 2 tri-plexes by themselves for $1,295,580.00.
Benefits to New Owner:
Potential annual gross income for 26 SFH'S & 1 duplexes and 2 tri-plexes is $253,956.00.
 Unit Mix
# Units 5 Bed/Bath     0/475.00 Approx. Sq. Ft. 0 Avg. Rent/mo. $2,375
# Units 15 Bed/Bath     0/340.00 Approx. Sq. Ft. 0 Avg. Rent/mo. $5,100
# Units 2 Bed/Bath     0/360.00 Approx. Sq. Ft. 0 Avg. Rent/mo. $720
# Units 2 Bed/Bath     0/500.00 Approx. Sq. Ft. 0 Avg. Rent/mo. $1,000
TOTALS 24            

 Annual Income & Expense
 Per/Year % of G.I. Projected/Year
Gross Schedule Income $00%$337,716
Less Vacancy (-) $00%$5
Other Income (+) $00%
Gross Operating Income $0100%$337,711
Operating Expenses (-) $00%$134,371
Net Operating Income (=) $00%$203,340
Loan Payments (-) $00%
CASH FLOW (=) $00%$203,340
Capitalization Rate 0.00% 13.16%
Lot Size Varies
Zoning R-6, R-4
Yr. Built Various

Additional Income & Expense Comments
Potential gross income for the apartment bldg is $115,740. The apartment building is partially occupied.

  Balance Mo. Payment % Rate Year Due Lender Assumable
Loan #1: $417,000$0 NO
TOTALS $417,000$0       

 Additional Information Available Upon Request
No Appraisal available at this time
Maps: Area & Plat
APOD & Financial Data
Financial Statements

 Can Adds
No Can Add information found.

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 Owner's Profile
Occupation  Entrepreneur   Name  Please Sign In or Register to view owner information.

Why Owner No Longer Wishes to Own This Property
Reduce time and management of property

 Will Consider Exchanging For
Personal Property: Cash, Notes / Paper

U.S. Locations
States/Regions: Kentucky

 Property Represented By

Click Here to contact the Owner or Agent representing this property. Inc. has not verified the above property information and therefore does not guarantee or warranty any information contained herein. It is your responsibility to seek independent assistance for legal, tax, financial and physical inspections. All information submitted is subject to errors, omissions, change of price/value, withdrawal and to any special listing conditions imposed by the principals.

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