Price
$ 109,900

2305 Algonquin, Louisville, KY 40210  
  • 2,688 sqft

2305 Algonquin, Louisville, KY 40210  

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 $12,594 (11.5% cap). Op income is $20,157, Op Expense is $11,449. Available individually or as a package with 2300 Algonquin (identical property).

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Listing Type
Multi-Family
Listing ID
1415667
House Size
2,688
Lot Size
5,458.00 sqft
Listing Status
Active
Year Built
1942
County
Jefferson
Listing courtesy of RPM Management LLC
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    Listing Information Provided By:
    RE/MAX EXECUTIVE GROUP INC
    100 Chase Way Ste 1 Elizabethtown, KY 42701 | Phone: (270) 769-1655
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.