3172 S 3Rd

Louisville, KY 40214 View Map $199,141 Ask a Question
Martin Crane

Martin Crane

(502) 592-7868

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Status: Sold
Property Type:Triplex
MLS #:1608462
Sq. Feet:4,667
Date Sold:8/26/2022
Wonderful opportunity to purchase an income producing rooming house. Occupied, do not disturb tenants. This properly is wonderfully located DIRECTLY ACROSS FROM THE STABLE GATE ENTRANCE FROM CHURCHILL DOWNS. This property is in need of some rehab, but affords someone a wonderful opportunity to create traditional rental units, or continue the use that has been in place for decades. The first floor unit offers a great opportunity for owner occupant, or you could consider having the current manager on site continue services. The first floor unit features living room, two bedrooms, two baths, spacious kitchen with dining area, and access to the enclosed front porch. Additionally the first floor access the upper floors and lower level by secured doors. The second floor features four bedrooms and a bath with direct access to the front porch. The third floor features two bedrooms, a bath, and additional storage/closet areas. There is an efficiency unit accessible from the rear stairs that is currently on a month-to-month lease with full bath and kitchenette. The basement features five rooms (used for sleeping), bathroom, and minimal kitchen area directly accessible to exterior rear. Please remember this has been used as a rooming house and the rooms mentioned on many of these levels, with the exception of the first floor and efficiency, are on a daily or weekly rate. The property also features a two car detached garage.

Rooming House "Sleeping Rooms" Lower level and 2nd Floor. 1st floor occupied by manage at no fee. 3rd floor mothballed (has 2 sleeping rooms and bath that needs work).

Manager states the following:

LL Rooms - 5 rooms (4) @ 100/week (1) @ 80/week = 480 week potential - 1920/ monthly potential

Efficiency - 440/month kitchen with full bath, utilities included = 440/month

1st Floor - manager occupied at no fee - 2 bedrooms, 2 baths, living room and large eat in kitchen.

2nd Fl - 4 rooms (2) @ 100/week (2) @ 80/week = 360/week - 1440/month Commode room/1 bath

3rd Floor - 2 rooms (mothballed at covid) with bath needs some work plus additional storage

11 "sleeping" rooms total rentable excluding 1st floor and efficiency.

Potential income before utilities 3800 monthly - not including 3rd floor and manager 1st floor.

LG&E $6117 water $2153 last years utility costs.

For all other questions, including income potential, please contact the listing agents.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change

Community Information

Address:3172 S 3Rd, Louisville, KY 40214
Zip Code:40214


Year Built:1900
Construction Features: Aluminum, Frame - Wood
Roof Features: Composition, Rolled
Parking Features: 2 Car Garage
Garage Spaces: 2

Features / Amenities

Exterior Features: Patio, Porch, Screened in Porch
Heating: Forced Air, Natural Gas
Cooling: Central Air, Wall/Window Unit(s)

Square Footage

Finished Sq. Ft.
Above Grade 3178
Below Grade 1489
Total 4667


Level# Rooms# Bedrooms# Bathrooms
Main Level422
Level 2441
Level 321

Property Features

Lot Dimensions:156 x 30 appro x imately
Lot Features: Sidewalk
Utilities Features: City Sewer, City Water, Electricity Connected, Fuel:Natural
Directions:Central Ave to S 3rd home immediately on right - or Oakdale Ave to rear directly across form the stable gate.

Tax and Financial Info

Owner Pays: Electric, Gas, Sewer, Water
Tax Rate County: 1.449513



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Listing Information Last Updated 4/2/2023
Listing provided courtesy of Crane REALTORS, LLC.
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