3610 Del Park Terrace,Louisville, KY 40211
Louisville, KY 40211
Description
Value-add 14-unit multifamily investment opportunity in West Louisville. The property consists entirely of 1-bedroom, 1-bath units, with 12 units approximately 550+ SF and 2 units approximately 800+ SF. Currently generating ~$8,000/month in gross income with four vacancies, including two recently renovated units now in lease-up, offering immediate upside through stabilization and rent normalization. Market rents are $800+ for market tenants (tenant-paid gas and electric) and $950+ for Section 8 (gross). Each unit is individually metered for LG&E, with water/sewer common. Recent ownership upgrades help reduce near-term CAPEX. Convenient location with quick access to I-264 and major Louisville corridors, positioned in an area seeing continued community investment and redevelopment.
Details
| MLS # | 1711511 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1929 |
| Days On Site | 159 |
| Listing Provided By | Colliers | Desmond Martin |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 14 |
| SQ Feet | 9,824 |
| Basement | Y |
| Units | 14 |
| Acreage | 0.00 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40211 |
| Area | 01 Dtwn Old Louisville | Shively | West Lou |
| Community Name | LINDELL |
| Listing VS Median (in LINDELL) | |
Price: $1,050,000 low | high Med: $675,000 sqft: 9,824 low | high Med: 6,923 $ / sqft: $107 low | high Med: $91 On site: 159 low | high Med: 128.5 | |
Market Activity 40211
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Learn More About This Property
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40211 |
| Area | 01 Dtwn Old Louisville | Shively | West Lou |
| Community Name | LINDELL |
| Listing VS Median (in LINDELL) | |
Price: $1,050,000 low | high Med: $675,000 sqft: 9,824 low | high Med: 6,923 $ / sqft: $107 low | high Med: $91 On site: 159 low | high Med: 128.5 | |