8
See all 8 photos
$598,000
Est. payment /mo
16 Beds
8 Baths
7,200 SqFt
New
1439 Thornberry Ave Louisville, KY 40215
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Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $83
Subdivision Churchill
MLS Listing ID 1717424
Style Other
Bedrooms 16
HOA Y/N No
Abv Grd Liv Area 7,200
Year Built 1952
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 7200
Property Description
Turnkey 8-unit multifamily opportunity with all units vacant and rent ready—allowing investors to lease at current market rents from day one instead of inheriting under-market tenants. Property consists of eight 2BR/1BA units in a strong rental corridor with nearby rental comps supporting approximately $1000-$1,200+ monthly rents depending on finishes and strategy (aka it should surpass the 1% rule pretty easily). Ideal for investors seeking immediate lease-up potential, strong cash flow upside, and operational flexibility. Perfect value-add opportunity without heavy rehab needs. Great fit for buy-and-hold investors, BRRRR strategies, or portfolio expansion. Rare chance to stabilize an entire 8-unit building at today's market rates.
Location
State KY
County Jefferson
Direction 264 West, Exit Right on Taylor Blvd, Left on Thornberry Ave, Building on Right.
Interior
Heating Natural Gas
Cooling Central Air
Exterior
Exterior Feature None
View Y/N No
Roof Type Shingle
Porch Porch
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Wood Frame,Brick
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