2607 Preston Hwy, Louisville, KY 40217

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Patricia L E.

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Building Details:

• Year Built: 1926

2607 Preston Hwy is an office property for lease in Louisville, KY.

Investors Take Note!!! This income property could be a "cash cow" for a savvy investor.

This is a two story building with offices on the first floor and 3 apartments on the second floor.

The first floor office space was previously utilized as a real estate office. There is a reception area, 1 full and two, half baths. Currently there is one office rented on the first floor for $250/month. The first floor has its own HVAC system, electric meter and water heater. The rent from the second floor apartments would offset the cost of an owner/user utilizing the office space on the first floor. It could also be a live/work arrangement for an owner.

The second floor consists of 3, one bedroom apartments. Each unit rents for $425/month and are separately metered. In 2015, Quieter Homes (a representative of the Airport Authority) added insulation in the attic of the building for soundproofing. Each unit received a new AC compressor, furnace, doors, windows, and storm doors. Also included with the apartments are new CO2 detectors and smoke detectors. There are 9 parking spaces in the rear lot behind the building.

The unfinished basement has storage units, an outside entry, and a half bath. There are laundry hookups available in the basement as well.

Landlord pays for water, LG&E first floor only, property taxes, and garbage.

Seller is a licensed real estate broker in the state of Kentucky.

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