Home > Commercial > Kentucky > Louisville > 40203 > 219 E Ormsby Ave

219 E Ormsby Ave, Louisville, KY 40203

Commercial property for sale

  • Description
  • Wonderful renovation of a circa 1930 solid brick 2 story apartment building in Historic Old Louisville known as "The Queen Ann" with 100% occupancy. This unique building offers 18 One Bedroom units, all with new kitchens and baths, fresh paint, new floor coverings along with 9 new architecturally designed decks for the 2nd floor units. Building features all new 600 AMP Electric Service with brand new 19 gang Meter Base. All units are separately metered with their own 100 AMP electric panel and new wiring through out. The building also features brand new plumbing, new water service , new manifold (flow regulator & seperate cut offs for each unit) and new electric water heaters in each unit. With over $400,000 in renovations in the past 18 months the building rents with ease. This property is in a very desirable location for both U of L graduate students, professionals, downtown employees and anyone looking for quick and easy access to all the major interstates and airport. Currently the average monthly rental rate is $492.00 with gross yearly income being over $106,000 and all new leases are being signed between $514 - $524 which will ad even more value. This is a must see for any investor wanting to strengthen their portfolio with a building that is in excellent condition filled with great tenants. Building price details: $750,000.
  • Property Details
  • Building Name: The Queen Ann.
    Property Type: Multifamily
    Use Types: Low-Rise/Garden
    Status: Available
    Price: $ 41,667 +/Unit
    Number of Stories: 2
    Year Built: 1930
    Year Renovated: 2011
    MSA: Louisville-Jefferson County
    Zoning: TNZD
    Buildings: 1
    Broadband Internet: Cable, DSL, Satellite
    Construction: Brick, Stone
    Terms: Cash to Seller
    Added: 06/29/2012
    Last Update: 09/07/2012
  • Exterior Features
  • Parking: Yes
    Parking Spaces: 6
    Parking Type: Surface
  • Contact info
  • 502-899-7560 [Office]
  • Note

  • Details Info about this row that located on 219 E Ormsby Ave, Louisville, KY 40203 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

    If you see any error or mismatches on this page – click here.