Property Details

Attention UofL Student Families & Investors: A recent National Multifamily Housing Council (NMHC) report revealed that 8.9 million college students need off-campus accommodation. 1719 S. 4th Street sits 3 houses from Cardinal Towne and is the PERFECT investment which can off-set the cost of on-campus housing. Enjoy the benefits of LOCATION, marketability, cash flow, a low vacancy rate and appreciation. This brick 5-plex building is a rare find in the neighborhood - a multi-family which has dedicated off street parking for 6 vehicles specifically for the building. Also, permit parking on street. The building is individually metered, Tenants pay all utilities plus water. The building consists of one (2 bed-room apartment), one (one-bedroom apartment), and (3 studio apartments). Coin-op common laundry facilities in the basement & additional basement storage for added revenue. The building is very mechanical sound, with NO deferred maintenance. 4 units have electric heaters and window A/C units. Newer mechanicals, Roof 8 years old. The building is located in the heart of Old Louisville, 3 houses from UofL Cardinal Towne, minutes to Churchill Downs, Downtown and easy convenient access to I-65. Excellent opportunity for higher rent revenue. Also, note UofL future development includes space that would include a 3-star Marriott Boutique Hotel, a restaurant, and a Target urban retail store at: 1901 S 4th street (.3 miles away). Any questions, contact listing agent!!