3822 Oboe Dr, Louisville, KY 40216
Commercial property for lease
- Description
- Quality multifamily investment opportunity in Louisville near Cane Run Road corridor. This property features two well maintained brick 6 unit apartment buildings facing each other with a relaxing court yard central to both structures. This property has been improved in many facets and is now experiencing stabilization.Asset Improvements Include:-New Boiler as of 2018-All new windows as of 2017-Several new HVACs-Roof 2013-Gutter Guards brand new-Nearly all units have been completely renovated with new flooring, paint, some appliances, and fixturesLocation Highlights & Upside-This location is experiencing a tremendous amount of reinvestment and in particular related to the Richmont Terrace Revitalization and Cane Run Road Revitalization plan initiated by Louisville Metro as a part of the Cornerstone 2020. -This section of Cane Run Road serves vital link providing greater regional access to I-264 to the northwest and Greenbelt Highway, southwest of this location.Investment Highlights-Separately Metered Units (tenant paid gas & electric)-Off Street Parking-Quality Brick Structures-Upside in NOI through immediately available rent increases and expense management-Central Air & Heat-Revenue upside in coin laundry which is currently being explored by ownersContact the listing broker for more information on this listing or to inquire about property tours. Building price details: $495,000.
- Exterior Features
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Parking: Yes Parking Spaces: 14 Parking Type: Surface - Contact info
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Tyler R ChesserThe Chesser Companies
- Note
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- Property Details
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Building Name: Four Oaks Apartments Property Type: Commercial (Other) Status: Available Lot Size: 0.450 Acres Number of Stories: 2 Year Built: 1972 Year Renovated: 2017 Submarket: Mid-Rise MSA: Louisville/Jefferson County Zoning: R-7 - Residential Multi-Family District Buildings: 2 Broadband Internet: Cable Construction: Wood Frame Terms: Cash to Seller Added: 06/24/2019