4214 Southern Pkwy, Louisville, KY 40214

Property Picture

Address: 4214 Southern Pkwy, Louisville, KY 40214
Area: Old & West Louisville Shively
Property type: Single Family Residence
MLS #: 1577380
Price: 290000.00
Bedrooms: 5    Bathrooms: 3.00
Above ground square feet: 2615.00    Basement: Partially Finished
Acreage: 0.23    Lot Description: Level
HUGE 19.8% Cash on Cash return.TENANT OCCUPIED.REQUIRES 48 HOUR NOTICE TO SHOW.Investor opportunity. Beautiful renovated rental property Main house unit and a 2nd Carriage house unitCurrent rent is $3,075 per month$26,945.69 NET OPERATING INCOME.At list price it offers a very strong 9.3% CAP rate. If financed with 20% down/20 yr AM at 3.75% it produces $11,505.65 positive cash flow.Owners have consistently signed new lease before incurring any vacancy with the previous tenantCurrent lease expires on 7/20/22 on the main house.Carriage House lease expires on 6/14/22.The main house is 2,615 sq ft of finished space. Carriage house is a 2 bedroom 1 bath 640 sq ft....Property Details
List Date: 1-14-2021    Listing Status: Active
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IDXListing provided courtesy of Beck Realty Group.