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Fully Leased 10-Unit Multifamily | Near University

$990,000

1481 S 2nd St, Louisville, KY 40208

Active
Last Updated: 11/25/2024

7,355 sqft

Building Size

0.103 acres

Lot Area

Details:
Building Size:    7,355 sqft
Lot Area:    0.103 acres
Occupancy:    100%
Class:    B
Units:    10
Year Built:    1905
Floors:    3
Description:

This 10-unit multifamily property is located within a 4-mile radius of four colleges and universities, making it a highly sought-after investment due to the strong demand for student housing. Meticulously renovated and maintained by the current owners over the past 20 years, it features 7,355 SF of finished living space, along with an additional 2,000 SF of unfinished basement, offering extra storage space.

This is a turn-key investment, ideal for both first-time investors and seasoned professionals looking to expand their portfolio. The current owners are open to staying on to manage the property, ensuring a smooth transition and continued high occupancy. With its prime location, recent upgrades, and established management, this is an opportunity to generate immediate cash flow with minimal hassle.

4-mile radius of four colleges and universities

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