Price
$ 109,900

2300 Algonquin, Louisville, KY 40208  
  • 2,688 sqft

2300 Algonquin, Louisville, KY 40208  

Nice four unit apartment building featuring 1 Bed 1 Bath units with living room and kitchen. Two upper units and two lower units, along with a big basement with room for storage. Property also boasts separate gas and electric meters. Property needs some cosmetic work but is priced accordingly - great opportunity for small investor. Rents for $2,000/mo total (avg $500/unit/mo) - this is also market rate. NOI for trailing 12 months is $12,140 (11.1% cap). Op income is $20,007, Op Expense is $11,593. Available individually or as a package with 2300 Algonquin (identical property).

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Listing Type
Multi-Family
Listing ID
1415665
House Size
2,688
Lot Size
3,049.00 sqft
Listing Status
Active
Year Built
1942
County
Jefferson
Listing courtesy of RPM Management LLC
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX ASSOCIATES
    9405 Mill Brook Rd Ste 100 Louisville, KY 40223 | Phone: (502) 425-4200
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.