502-742-7311
10825 Bluegrass Parkway, Louisville, KY 40299
[email protected]

Search

← Back to search

6614 Evangeline Ave, Louisville, KY 40214

$3,350,000
Square Footage: 49,231 Status: Active
Current Price: $3,350,000 List Date: 5/17/2022 Last Modified: 5/18/2022

Description

This offering includes a portfolio of 15 duplexes, all concentrated within a few blocks of an established South Louisville neighborhood, plus four single family rental homes, for a total of 34 rental units. Significant upgrades have been made to most of the properties, including bathroom and kitchen remodels, new roofs, new mechanicals and new flooring. The portfolio has been professionally managed, with new leases being put in place that demonstrate the potential to raise rents to market rate. Vacancies have been quick to fill, with quality tenants. Due to the nature of the assets, operating expenses are low. The Louisville single-family and residential investment market is enjoying strong demand due to extraordinary rent growth, home value appreciation, low housing supply, and hi

Suppliments: This offering includes a portfolio of 15 duplexes, all concentrated within a few blocks of an established South Louisville neighborhood, plus four single family rental homes, for a total of 34 rental units. Significant upgrades have been made to most of the properties, including bathroom and kitchen remodels, new roofs, new mechanicals and new flooring. The portfolio has been professionally managed, with new leases being put in place that demonstrate the potential to raise rents to market rate. Vacancies have been quick to fill, with quality tenants. Due to the nature of the assets, operating expenses are low. demand from investors. Offering highlights include: > 34 units, including 15 duplexes and 4 single families > Well maintained, upgraded properties > Opportunity to add value by pushing rents to market rate > Low operating costs: All tenants are responsible for their own water, LGE, and lawn care Please fill out the linked Confidentiality Agreement to access a rent roll and additional information.

More Information MLS# 1612395

General Listing Information

Listing Date: 2022-05-17 Listing Price: 3350000 Property Sub Type: Duplex HOA Y/N: No

Location

Street #: 6614 Street: Evangeline St Suffix: Ave Area: 05-Auburndale/Fairdale/IroquoisPrk/Shively Sub Area: A County: Jefferson State/Province: KY Zip Code: 40214 Subdivision/Condo: NONE Directions: I-65 S Follow I-65 S to Crittenden Dr. Take exit 132 from I-65 S Follow Crittenden Dr and E Woodlawn Ave to S 2nd St Follow Southside Dr to Evangeline Ave Turn left onto Evangeline Ave Geo Lat: 38.161627 Geo Lon: -85.761697

Contract Info

Original List Price: 3350000 Disclosure: No

Property Description

SqFt -Total Finished: 49231 Above Grade Finished: 49231 SqFt - Source: Other First Floor Laundry: No Garage Y/N: No Basement Y/N: No Total Units: 2 Covered Parking: No Separate Meters: Yes Sold As-Is: No M Struct Flood Plain: No Style: Traditional

Status Change Info

Status: Active

Property Features

Construction: Vinyl Roof: Shingle Exterior: Deck Utilities: City Sewer Heating: Forced Air

Supplements

This offering includes a portfolio of 15 duplexes, all concentrated within a few blocks of an established South Louisville neighborhood, plus four single family rental homes, for a total of 34 rental units. Significant upgrades have been made to most of the properties, including bathroom and kitchen remodels, new roofs, new mechanicals and new flooring. The portfolio has been professionally managed, with new leases being put in place that demonstrate the potential to raise rents to market rate. Vacancies have been quick to fill, with quality tenants. Due to the nature of the assets, operating expenses are low. demand from investors. Offering highlights include: > 34 units, including 15 duplexes and 4 single families > Well maintained, upgraded properties > Opportunity to add value by pushing rents to market rate > Low operating costs: All tenants are responsible for their own water, LGE, and lawn care Please fill out the linked Confidentiality Agreement to access a rent roll and additional information.
Listing Office: PRG Commercial Property Advisors
Last Updated: May - 18 - 2022
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than the site owner are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker.