2411 S Shelby St Active Save Request In-Person Tour Request Virtual Tour
Louisville,KY 40217
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,396 sqft
Price per Sqft $90
MLS Listing ID 1669826
Style Bungalow
HOA Y/N No
Abv Grd Liv Area 1,536
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1922
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Welcome to 2411 S. Shelby Street. This 5-plex apartment building presents an excellent investment opportunity. Convenient to UofL, downtown Louisville, Audubon Park, Germantown, and the Highlands, potential tenants will love the central location. This property is zoned C-1 and has endless possibilities for end use. You could keep the current apartment layout as-is (5 one bedroom, one bath units), and potentially renting units 1, 2, and 5 to high paying Section 8 tenants and enjoying a cash-cow. You could live in one of the units and rent out the others to house hack. Or convert the main floor to a short-term rental or storefront space while keeping three one bedroom apartments above and below. The roof, siding, windows, and storm windows are all updated. New kitchen cabinets for all 5 units (not yet installed) are included and convey with the property. All 5 units have separate electric meters while the gas and water are each on one shared meter. The whole building is serviced by one HVAC system and one water heater, saving potential headaches and costs from multiple systems. This property is being sold "as-is."
Location
State KY
County Jefferson
Direction I-264 (Watterson Expressway) to Exit 11. Go North on Preston Highway. Continue Straight on S. Shelby Street at split with S. Preston Street. Building will be on the right in between Clarks Lane and Minoma Avenue.
Interior
Heating Forced Air,Natural Gas
Cooling Central Air,Wall/Window Unit(s)
Exterior
Exterior Feature Porch
View Y/N No
Roof Type Shingle
Garage No
Building
Lot Description Sidewalk
Architectural Style Bungalow
Structure Type Wood Frame,Vinyl Siding