$290,000 4214 Southern Pkwy Louisville, KY

MLS: 1577380   Type: Single Family   County: Jefferson   City: Louisville   Area: Dtwn Old Louisville-shively-west Lou   Zip: 40214   Style: Traditional   # Rooms: 11    Stories: 1

Mortgage $1,361 /mo



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HUGE 11.6% 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/15 yr AM at 3.75% it produces $6,701.69 positive cash flow.SELLER ALSO HAS 8 OTHER RENTAL PROPERTY LISTINGS: MLS #S ARE AS FOLLOWS 1577379,1577347,1577380,1577381,1577382,1577375,1577376,1577277,1577378Current 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.

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Price History

1/14/2021 Listed $290,000

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
Half Baths 0
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

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

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Property vs Zip Code Avg (40214)

Price 290K Avg 243K

Sqr Feet 2,615 Avg 1,860

Cost / Sqr Ft $111 Avg $131

Acres 0.23 Avg 1.13

Visits 79 Avg 60

Days on Site 86 Avg 55

Walkscore® 62 Avg 40

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Beck Realty Group

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Location & Address

Timothy Woods
5964 Timber Ridge Dr.
Prospect, KY