10
See all 10 photos
$400,000
Est. payment /mo
8 Beds
4 Baths
3,430 SqFt
New
4342 Newport Rd Louisville, KY 40218
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,430 sqft
Price per Sqft $116
Subdivision Norfolk Estates
MLS Listing ID 1723408
Style Other
Bedrooms 8
HOA Fees $200
HOA Y/N Yes
Abv Grd Liv Area 3,430
Year Built 1972
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Quadruplex
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 3430
Property Description
Great investment opportunity featuring four fully occupied 2 bedroom, 1 bath apartments with a solid rental history and dependable cash flow. Several long term tenants have called this property home for over seven years, providing excellent stability for investors. Each unit offers laundry hookups, with additional laundry hookups located in the basement and private storage areas in the basement that present potential for additional income. Major improvements completed in 2018 include the roof, HVAC systems, appliances, and pavement, helping reduce future maintenance expenses. Conveniently located within walking distance of GE, FedEX TARC bus lines, ALDI and other everyday amenities, making it an attractive location for tenants. Owner pays water, sewer, electric and trash pickup, tenants are responsible to pay electric and gas service. May be purchased together with 4920 Cawood Drive, just down the street, for an excellent portfolio opportunity.
Location
State KY
County Jefferson
Direction I-264 Exit South on Bardstown Rd Turn Right on Fegenbush Lane Turn Right on Newport Road
Interior
Cooling Central Air
Exterior
Exterior Feature None
View Y/N No
Roof Type Asphalt
Garage No
Building
Water Public
Architectural Style Other
Structure Type Brick Veneer
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