3105 Springfield, Louisville

$600,000

12 Beds
6 Baths
10,290 Sqft
0 Acres
0 Garages

Amazing Real Estate Investment opportunity! If you are interested in investing in real estate, both apartment buildings offer more than $90,000 income per year and each has good rental history as well. Rent for each unit has been between $650 to $700 with 90 -100% occupancy. Cap rate is around 9% and return of investment within 5 years would be around 18%. There is one section 8 unit and 4 tenants have been there more than 8 years. Each building has 6 units, each with their own deed. Each unit also has a separate water meter, gas, and common area electric meter. There is a total of 12 units, 6 in each building. Each unit is a 2-bedroom, 1 bathroom, and each has a laundry in the unit. Most units have hardwood flooring and all units have been updated in last 3 years.Each water heater and HVAC systems have been replaced, maintained and serviced as needed. Windows were replaced within the last 5 years and both roofs are less than 5 years old. There is ample parking space around both buildings.

Essential Information
MLS® #1525825
Price$600,000
Bedrooms12
Bathrooms6.00
Full Baths6
Square Footage10,290
Year Built1972
TypeMultifamily
Sub-TypeApartment
StatusActive
Community Information
Address3105 Springfield
SubdivisionNONE
CityLouisville
CountyJefferson
StateKY
Zip Code40214
Area

Auburndale/Fairdale/Iroquois Prk/Shively

Amenities
Parking Spaces6
Utilities

County Water, Electric, Fuel:Natural, City Sewer, City Water

Exterior
Exterior FeaturesSee Remarks
RoofAsphalt Shingle
ConstructionBrick
Office

Weichert Realtors - ABG Properties

Property History
Price Reduced from $614,000 to $600,000
Price Reduced from $626,000 to $614,000
Price Reduced from $636,000 to $626,000
Price Reduced from $650,000 to $636,000
Price Reduced from $690,000 to $650,000
Show All History (6)
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