MLS® ID: 1525825

3105 Springfield Dr

Louisville, Kentucky, 40214

$650,000 Active
  • 3430 SQFT
Amazing Real Estate Investment opportunity! If you are interested in investing in real estate, both apartment buildings offer more than $90,000 income per year and each has good rental history as well. Rent for each unit has been between $650 to $700 with 90 -100% occupancy. Cap rate is around 9% and return of investment within 5 years would be around 18%. There is one section 8 unit and 4 tenants have been there more than 8 years. Each building has 6 units, each with their own deed. Each unit also has a separate water meter, gas, and common area electric meter. There is a total of 12 units, 6 in each building. Each unit is a 2-bedroom, 1 bathroom, and each has a laundry in the unit. Most units have hardwood flooring and all units have been updated in last 3 years.
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Listing courtesy of Weichert Realtors - ABG Properties

Amenities

  • Zip
    40214
  • Office name
    Weichert Realtors - ABG Properties
  • SQFT
    3430
  • Property type
    Apartment
  • Year built
    1972
  • Lot size
    .50
  • Agent name
    Hossein Tavakoly
  • Purchase Type
    Active
  • HOA fees
    $ No
  • Price Range
    $600k-$700k
  • Square Feet Range
    3000-3500 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    20131203192909902220000000
  • Agent ID
    430018608

Location

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