• Year Built: 1902
236 East Kentucky Street is amulti-family property for lease in Louisville, KY.
Large 50 Unit Apartment building located in Historic Old Louisville with on-site leasing/management office, fully operational elevator, secure entry doors and security cameras. Convenience and extra cash flow provided through on-site laundry facility operated and managed by Jetz. Consists 6 3BR/1BA units, 23 2BR/1BA units, and 21 1 BR/1BA units. Each unit is separately metered and boasts their own furnace and water heater. Located conveniently near the central business downtown district, UofL and seconds from I-65 with access to all of the city's highways. This former Jewish Hospital building has been renovated to occupy a great multi-family investment opportunity.
Trailing 12 month NOI is $169,397 (7% Cap)
Gross Potential Rent is $31,050/mo or $372,600/yr
Motivated Sellers offering this property below appraised value of $2,650,000
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