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.

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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