3217 Kemmons Drive, Louisville, KY 40218

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Judy B.

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Building Details:

• Year Built: 1966

3217 Kemmons Drive is amulti-family property for lease in Louisville, KY.

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 and can be sold individually as follows: 3211 Kemmons, $319,900, MLS #29736264, 3213 Kemmons, $324,900, MLS #29736270, 3215 Kemmons, $324,900, MLS # , & 3217 Kemmons, $334,900, MLS #29736275.) 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.

Average total rental income, including discounts, plus laundry income runs approximately $4,475 per building, or $17,900 for all four buildings.

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