5458 And 5460 New Cut is amulti-family property for lease in Louisville, KY.
Two adjacent multi-family investment properties on New Cut Road, zoned C-1. Large footprint, redevelopment opportunity for long-term tenant or build-to-sui, subject to terms. Property is currently 90% leased, mostly residential, with some commercial tenants. Property produces an attractive rate of return as is, and there is opportunity to increase rents. Previous 12 month gross rentals as follows: both buildings March 2014 to April 2015 $117288.00
5 units used for retail; 18 for residential
tenants pay LGE, cable. LL pays water