950 Cherokee Road is amulti-family property for lease in Louisville, KY.
PRG Commercial Property Advisors is pleased to present this 8-unit multifamily opportunity at 950 Cherokee Road. This rare opportunity is located in a trophy location in the desirable Cherokee Triangle neighborhood of Louisville. Surrounded by high quality single family residential on a tree-lined street, this asset presents the opportunity to own an investment property in one of Louisville’s most desired locations for residential living.
The property is comprised of 8 units with 6 units in the main front building (1 2BR / 3 1BR / 2 studios) and a carriage house with 2 1BR units. The carriage house units are separately metered for LG and E. The units have very functional floor plans and rent very easily to quality tenants. There are two off-street parking spaces. The owner has kept the property well maintained with several improvements.
The building possesses the historical charm that is accustomed to properties on Cherokee Road, but is also only one block from the bustling shops and restaurants on Bardstown Road/Baxter Avenue. Properties of this type rarely become available on market, and this presents the chance for an investor to provide steady cash flow and pride of ownership in one of the city’s most highly appreciating sub-markets.
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