$ 200,000

1603 Algonquin Pkwy, Louisville, KY 40210  
  • 0 beds
  • 4 baths
  • 2,900 sqft

1603 Algonquin Pkwy, Louisville, KY 40210  

There are 3 two story 4-plexes for sale at numbers 1601, 1603 and 1605 Algonquin Pkwy. ALL 3 SOLD TOGETHER. See MLS 1415241, 1415171, and 1415183. The price for the 12-plex is $420,000. Each building is 2,900 sq ft. Each 1 bedroom apartment is 725 sq ft, large for this price range and in good condition which is one of the reasons they remain almost 100% occupied.Owner continues to spend considerable effort and money to bring these apartments to their excellent condition. 2015 upgrades and improvements: (1) entire parking lot - regraveled (2) all gutters - repaired or replaced As the program progresses, the price will increase. New sewer lines were installed for all 3 buildings some years ago, from buildings to street. All bathrooms have ceramic tile. Some kitchens have ceramic tile, others linoleum. Each building has a full basement and is equipped with coin operated washer and dryer for the tenants, which brings in about $1440 per year for all 3 buildings. All apartments have been painted with good quality paint. Every single room has a ceiling fan, helping tenants keep their utility bills down. Convective central heat. Located at a high visibility intersection of Algonquin Parkway and S 16th Street, Louisville, Kentucky. Close to shops and on the bus line. This is a popular rental area, with a mix of residential homes, apartments and commercial establishments. THESE 3 FOUR-PLEXES ARE SOLD TOGETHER FOR $420,000. NOT SOLD SEPARATELY.

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Listing ID
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Year Built
Full Bath
Listing courtesy of Metro 1
Price History
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Date Event Change Price
9/14/2016 Price change $40,000 (25%) $200,000
8/15/2016 Price change $20,000 (14.3%) $160,000
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