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Montrey Deal

montrey@infinitehomesrealty.com +1(502) 301-0986

$ 899,000

Est. payment -/mo

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902 E Jefferson St Louisville, KY 40206

6 Beds

4 Baths

4,188 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,188 sqft

Price per Sqft $214

MLS Listing ID 1701694

Style Other

Bedrooms 6

HOA Y/N No

Abv Grd Liv Area 4,188

Year Built 1900

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Quadruplex

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 4188

Property Description

Over $8,000/mo (nearly 11% CAP rate) in gross rental potential with this versatile duplex/triplex/quadplex or even SFR combo in the heart of NULU. With OR2 zoning, a 625sqft fully-soundproofed studio, and a completely customizable floorplan, 902 E Jefferson is easily poised to cashflow >$2,000/mo or more at current mortgage rates with tremendous future increase possible, as the area continues to boom. This beautiful building is located just one block south of everything that E Market street has grown to become, and directly across from what is planned to be a boutique hotel, making it the ideal location for a storefront, office space, residential rental, or hybrid. STR is also a possibility with its current 4-unit configuration, with intermediate-term (1month or more) rentals such as Furnished Finder possible with no special permitting required on day 1, while the STR application process is being processed. Multiple entrances across the 1st and 2nd levels help transform the home a variety of possible uses, while separate meters and HVAC units across its numerous levels add to the flexibility. Commercial lease spaces in the area currently yield ~30/sfa for 1st floor units, and $20-$25/sfa for 2nd & 3rd floors, while residential leases range from $1300-$3800/mo for 1-, 2-, or 3- bedroom units. With 1780sqft on the ground floor, and another 2400 across the 2nd and 3rd levels, this 4188sqft home can be divided however you choose to maximize both profitability and functionality. For more information on how to unlock the potential of this rare investment opportunity, please give me a call today to schedule your own private showing!

Location

State KY

County Jefferson

Direction Corner of Jefferson (E-W) & Campbell (N-S). Jefferson is now 2-way with street parking.

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Exterior

Exterior Feature Balcony

View Y/N No

Roof Type Metal,Shingle

Porch Deck, Patio, Porch

Garage No

Building

Lot Description Sidewalk

Sewer Public Sewer

Water Public

Architectural Style Other

Structure Type Aluminum Siding,Brick

Others

Virtual Tour https://cole5inc.hd.pics/902-E-Jefferson-St

Greater Louisville MLS (Metro Search Inc)

Listed by Custom Select Realty

Montrey Deal

Agent

+1(502) 301-0986

Montrey Deal

902 E Jefferson St Louisville, KY 40206

Key Details

Location

Interior

Exterior

Building

Others

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902 E Jefferson St