FOR SALE: Louisville, KY Student Rental Near UofL

[Clay Smith]

1347 S Floyd St is a recently renovated 2,555sq triplex which appraised for $198,000 (sales approach) and $206,925 (Income approach) Dec ‘14.This property is fully rented for $2,150 a month. I am open to seller financing the deal if you can put 25% down. List of recent capital expenditure updates include:

Unit 1 (827sq) is a 2 bedroom 1 bath all new heat and ac service, carpet, tile, and vinyl floors.

• New Tub Surround, Toilet, Vanity, Heater, AC, Electric, Carpet, Paint, Vinyl Floor, Kitchen Cabinets, sinks, appliances, faucets, countertops, Stackable Washer Dryer, Fans, Lights, SmartKey door locks, closet organizers, etc.

Unit 2(819sq) is a 1 bedroom 1 bath with vaulted ceilings, grand stair case, and tile floors.

• New Toilet, Vanity, Electric, Carpet, Paint, Kitchen Cabinets, sinks, appliances, faucets, countertops, Stackable Washer Dryer, Fans, Lights, SmartKey door locks, large shatter proof glass Historic Windows restored, etc.

Unit 3 (909sq) is a split level 2 bedroom 1 bath floor plan with tile and carpet floors.

• New Electric, Carpet, Paint, Kitchen Cabinets, appliances, faucets, Stackable Washer Dryer, Lights, SmartKey door locks, etc.

Exterior:

• Roof
  • Painted & Sealed metal roof
  • repaired box gutter
  • replaced flat roof
  • replaced garage roof
• Garage is a 2 car cinder block detached garage
  • SmarkKey door locks
  • New Roof
  • New electric
• Yard
  • Privacy Fence
  • Landscaping
  • Security Cameras
• CAPX
  • Metal roof paint, repair, and flashing replacement.
  • New Electric throughout, split meters x4
  • Gas has split meters
  • Water heaters x 3; and plumbing conversion to PEX in most places.
• Landlord pays Common Electric and Water.
  • Appliances are owned by Landlord

ASKING PRICE $198,000.  Email with questions, I can respond with an attachment of the most recent appraisal.  Pictures are on my website.

[Chuck B.]

@Clay Smith It's amazing how the student rentals are blowing up here near UofL. Did you make it to the LOTS program a month ago, they toured some new SFR renovations on the south side where they're placing students at $400 a room or so.

Best,
 - Chuck