6434 Strawberry Ln, Louisville, KY 40214 | MLS# 1677456

Description

Great income producing apartments, 9 units 6434&6436 Strawberry Lane. The property consist of 2, 4 plex style buildings sitting on 2 parcels and another unit above the garage located at the 6434 lot. The garage and unit above the garage are leased together for $1,025 a month. The 4 plex located at 6434 Strawberry Lane rents for $2,975 and the 4 plex located at 6436 Strawberry Lane rents for $2,880; monthly gross rents are $6,880 monthly. Previous Owner and current Owner have completed many updates. Some Furnaces, Condensers, and window AC units have been replaced. Windows in 6434 building were all replaced between 2019/2020, 6436 building the soffits and gutters were replaced in 2017. Rent roll just raised April 2025. More increases coming June 2025. Current Owner has remodeled 5 apartments, updated numerous cast iron plumbing lines with PVC, and numerous other
updates over the past few years. Turnover time is very quick, when a tenant moves out we have a tenant in place ready to go before the unit is even ready. Rents still have plenty of room for improvement. There are 3 long term tenants from previous Owner, all other tenants management has placed and we have great tenants! All units are fully leased vacant photos were from recent renovations when we had move outs. The 6436 building has hardwood flooring and a huge walk-in-closet in the bedroom. The 6434 building has carpet flooring and the bedroom has double closets.