Address
4214 Southern Pkwy Louisville, KY
Price
$ 290,000
Property Attributes
  • MLS#1577380
  • TypeSingle Family
  • CountyJEFFERSON
  • CityLouisville
  • AreaDtwn Old Louisville-Shively-West Lou
  • Zip40214
  • StyleTraditional
  • Price$ 290,000
  • Bedrooms5
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2615
  • Lot Size10,019 SqFt
Listing Provided Courtesy Of:
Beck Realty Group
Data Source:
GREATER LOUISVILLE ASSOCIATION OF REALTORS
Property Description

HUGE 19.8% Cash on Cash return.TENANT OCCUPIED.REQUIRES 48 HOUR NOTICE TO SHOW.Investor opportunity. Beautiful renovated rental property Main house unit and a 2nd Carriage house unitCurrent rent is $3,075 per month$26,945.69 NET OPERATING INCOME.At list price it offers a very strong 9.3% CAP rate. If financed with 20% down/20 yr AM at 3.75% it produces $11,505.65 positive cash flow.Owners have consistently signed new lease before incurring any vacancy with the previous tenantCurrent lease expires on 7/20/22 on the main house.Carriage House lease expires on 6/14/22.The main house is 2,615 sq ft of finished space. Carriage house is a 2 bedroom 1 bath 640 sq ft.

Price History
1/14/2021 Listed $290,000

General Features

Acres 0.23
Age 60.00
Area 01-Dtwn Old Louisville/Shively/West Lou
Block 052J
Construction Brick, Vinyl
Full Baths 3
Garage Features Driveway, None, Off-Street Parking
HOA Fee No
Property Type A
Roof Shingle
Status Active
Style Traditional
Sub Type Single Family Residence
Subdivision NONE
Utilities Electricity Connected, Public Sewer, Public Water
Year Built 1960

Interior Features

Above Grade Finished 1785.00
Basement Partially Finished
Below Grade Finished 0.00
Heating/Cooling Central Air, Gas Heat
Total Baths 3.00
Total Bedrooms 5
Total Closets 6.00
Total Fireplaces 0.00
Total Rooms 11

Exterior Features

Disclosure Yes
Exterior Porch
Fencing Chain Link, Partial
Foundation Poured Concrete
Lot 0239
Lot Description Level

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 40214

Price
AVG $240K
$290K
Visits
AVG 67
89
Year Built
AVG 1957
1960
Walkscore
AVG 40
62
Data Provided by Walkscore ® not using MLS data

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