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Algonquin Parkway
Louisville, KY 40210

Presented by

Neil Blumberg

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 Neil Blumberg
Property photo
Sold
$465,000
Multi Family
12 Bedrooms
12 Full Bathrooms
12 Units
Interior: 725 sqft
Lot: 0.46 acre(s)
Year Built: 1955
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Utilities

Electricity (Separately metered) Tenant pays

Garbage Disposal (included in taxes) Landlord pays

Water and Sewer (RUBS) (Owner and Tenant pay)
In March 2018 Landlord instituted the Ratio Utility Billing System (RUBS) of water cost recapture. Landlord currently recovers $25 pm for single occupancy, $40 where there are 2 occupants and $50 where there are more than two occupants. Landlord’s goal is to recover 100% of the water cost and will be raising the recapture amount gradually.

Heating (Convection Furnaces) Tenant pays
The 12 apartments are housed in 3 buildings. Each building has a basement. The furnaces are located in the basements. These furnaces are old, but well maintained, are extremely robustly constructed, and work extremely well. There is no blower and no fan as they work through convection (hot air rises). In fact, there are NO moving parts in the furnaces, which means there is very little maintenance. The furnaces are completely silent.

Cooling (Window Units) Tenant pays
Some tenants have installed window a/c units.

 

Presented by

Neil Blumberg
Neil Blumberg
(502) 4392826
Email:  [email protected]
www.Metro1Realty.com

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Listed by: Neil Blumberg, Metro1Realty.com

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Algonquin Parkway
Louisville, KY 40210

$465,000

Property photo
Sold
Multi Family
12 Bedrooms
12 Full Bathrooms
12 Units
Interior: 725 sqft
Lot: 0.46 acre(s)
Year Built: 1955

Multi-Family Money-Maker!

JUST REDUCED! SELLER SAYS SELL! All brick 12-plex apartments for sale at 1601, 1603 and 1605 Algonquin Pkwy. These apartments are housed in three 2-story well constructed buildings. Each building is 2,900 sq ft. for a total of 8,700 sq ft. Each 1 bedroom apartment is 725 sq ft, large for this price range, in good condition, next to bus-line , some of the many reasons these apartments remain in high demand. CAN BE BOUGHT WITH OTHER POCKET LISTING AS PACKAGE!

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Map of Algonquin Parkway, Louisville, KY 40210, USA
Neil Blumberg

For more information contact:
Neil Blumberg
Phone: (502) 4392826
[email protected]

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