410 W Ormsby Ave, Louisville, KY 40203 | MLS# 1682158

Description

This 20 unit property has undergone substantial renovations in recent years. There is a mix of spacious unit types, including a remarkable 3,300 SF, 4BR penthouse. Nearly all units have been fully turned, and two carriage house units have been completely rebuilt.

Additional infrastructure improvements include plumbing, electrical panels, sewer lines, and exterior. Both the boiler and roof were replaced within the past five years.

The units themselves exude charm and character, while the common areas are bright and welcoming. As a result, the property has attracted some of the highest-quality tenants in the submarket. A buyer will acquire an asset with limited deferred maintenance and a stable tenant base.

Highlights include:

> 20 units: 10 1BR, 7 2BR, 1 4BR and 2 studios > 4 car garage

> Additional laundry revenue

> 17 units boiler/window AC (tenants pay electric), HVAC (tenants pay all LGE) in penthouse and carriage house