Minerva Court Condominums 1630 S 2nd St 24 Unité Immeuble d’appartements 4 517 467 $ CAD (188 228 $ CAD/Unité) 6,15% Taux de capitalisation Louisville, KY 40208

24 Individually Deeded Condominiums – Rare Trophy Asset - 6.15% CAP RATE
This is an exceptional opportunity to acquire a unique 24-unit, individually deeded condominium portfolio in one of Louisville’s most desirable neighborhoods. With a proven history of long-term ownership and self-management, this property offers strong cash flow and significant upside for rental income growth. The unit mix includes 14 spacious one-bedroom, one-bath residences averaging 900 square feet and 10 two-bedroom, one-bath residences averaging 1,200 square feet. Each unit features hardwood and tile flooring, generous closet space, and private outdoor living areas—upper-level condos boast two balconies, while lower-level units include private patios.
The property is designed for efficiency and tenant convenience. All units are individually metered, with tenants responsible for electric and gas, and water costs prorated back at $25 per month. Each condo is equipped with its own furnace, air conditioning unit, and water heater, ensuring low maintenance and predictable operating expenses. Additional features include laundry hookups in every unit, double-pane windows, and central heating and air. The secure gated community is enhanced by a landscaped courtyard and a full brick perimeter wall, creating a private and attractive environment for residents. Dedicated off-street parking adds further appeal.
Strategically located directly across from Manuel High School and just two blocks from UofL Cardinal Towne, this property offers unmatched proximity to Churchill Downs, Downtown Louisville, and seamless access to I-65. This rare trophy asset combines location, quality, and long-term stability, making it an ideal acquisition for investors seeking a high-performing, low-maintenance property in a thriving market.