3211 Kemmons Drive, Louisville, KY 40218

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Judy B.

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Building Details:

• Year Built: 1966

3211 Kemmons Drive is amulti-family property for lease in Louisville, KY.

One single, or four adjacent six-plex buildings in highly sought-after central location, just off the Watterson X-way, to be sold individually, or as a portfolio, at a $100,000 discount for all four. (Also listed separately as 3213 Kemmons, $324,900, MLS #29736270, 3215 Kemmons, $324,900, MLS #29736279 , & 3217 Kemmons, $334,900, MLS #29736275, or the 4 property portfolio is listed at $1,204,600, MLS #29726405. Total value for all = $1, 304,600, but buyer buying all 4 will receive a $100,000 discount, for a purchase price of $1,204,600.)

Each six-plex houses (4) large 2-br units, 2 FULL baths, (approx. 1,200 sf each unit, renting for $850+), and (2) large 1-br units, (approx. 938 sf each unit, renting for $725-750 each). Landlord presently offers $100 disc per unit if paid by 10th of the month, but he reports that at least one tenant per building pays late, or at the full rental rate listed above.

Each building also has a coin laundry, which generates approximately $125 monthly income per building.

Present potential rental income for this building, excluding discounts, runs approximately $5,050 per building, or $20,292 for all four buildings. Income from laundry in basement of each building runs approximately $125 per month, or a total of approximately $6,000 per year for all 4 buildings.

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