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1455 S 3rd St 16 Unit Apartment Building $2,232,319 CAD ($139,520 CAD/Unit) Louisville, KY 40208
INVESTMENT HIGHLIGHTS
- Prime Old Louisville location near UofL, Cardinal Towne, Downtown, and Churchill Downs with quick I-65 access.
- Recent upgrades include refinished hardwood floors, updated double-pane windows, modern panel boxes, and furnaces.
- Long-term ownership and self-managed property with consistent occupancy and excellent rent growth opportunity.
- Strong unit mix featuring 14 one-bedroom apartments and 2 studios, all individually metered for tenant-paid utilities.
- Recent upgrades include refinished hardwood floors, updated double-pane windows, modern panel boxes, and furnaces.
EXECUTIVE SUMMARY
16 Unit “Old Louisville” - Trophy Asset - Investment Opportunity!!
Refinished hardwood floors, long-term ownership / self-managed. The building consists of: 14 (1 bedroom - 1 bath apartments) & 2 (Studio apartments). All 16 units are individually metered, tenants pay all utilities, updated double pane windows, window units, updated panel boxes and furnaces. Very large basement with laundry hook-ups & 16 storage lockers for additional revenue possibilities.
This building has a desirable location – excellent for your UofL student. The building is located in the heart of Old Louisville, close to UofL Cardinal Towne, minutes to Churchill Downs, Downtown and easy convenient access to I-65. Excellent opportunity for higher rent revenue. Any questions contact listing agent.
• Roof ~ 12 years
• Refinished hardwood floors
• Updated double pane windows
• 16 Separate water heaters
• 16 Separate furnaces, window units
• 16 Storage unit spaces in basement
• Laundry hookups in basement
• Water bill prorated back to tenants
• Self-managed property
• Tenants pay electric/gas
• Apt types: (14 - 1 bed, 2 – studios)
Refinished hardwood floors, long-term ownership / self-managed. The building consists of: 14 (1 bedroom - 1 bath apartments) & 2 (Studio apartments). All 16 units are individually metered, tenants pay all utilities, updated double pane windows, window units, updated panel boxes and furnaces. Very large basement with laundry hook-ups & 16 storage lockers for additional revenue possibilities.
This building has a desirable location – excellent for your UofL student. The building is located in the heart of Old Louisville, close to UofL Cardinal Towne, minutes to Churchill Downs, Downtown and easy convenient access to I-65. Excellent opportunity for higher rent revenue. Any questions contact listing agent.
• Roof ~ 12 years
• Refinished hardwood floors
• Updated double pane windows
• 16 Separate water heaters
• 16 Separate furnaces, window units
• 16 Storage unit spaces in basement
• Laundry hookups in basement
• Water bill prorated back to tenants
• Self-managed property
• Tenants pay electric/gas
• Apt types: (14 - 1 bed, 2 – studios)
PROPERTY FACTS
| Price | $2,232,319 CAD | Building Class | C |
| Price Per Unit | $139,520 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 11,184 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1947 |
| Apartment Style | Low-Rise | Parking Ratio | 1/1,000 SF |
| Zoning | Multi Family - TNZD | ||
| Price | $2,232,319 CAD |
| Price Per Unit | $139,520 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 11,184 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 1/1,000 SF |
| Zoning | Multi Family - TNZD |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 14 | - | - |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 033B02100000 | Improvements Assessment | $1,115,351 CAD |
| Land Assessment | $139,520 CAD | Total Assessment | $1,254,871 CAD |
PROPERTY TAXES
Parcel Number
033B02100000
Land Assessment
$139,520 CAD
Improvements Assessment
$1,115,351 CAD
Total Assessment
$1,254,871 CAD
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1455 S 3rd St
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