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Tiffany Siems

tiffanysiemsrealtor@gmail.com +1(502) 608-2693

$ 350,000

Est. payment | -/mo

5 Beds

3 Baths

4,785 SqFt

Save

$ 350,000

Est. payment | -/mo

Save

5 Beds

3 Baths

4,785 SqFt

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,785 sqft

Price per Sqft $73

Subdivision Old Louisville

MLS Listing ID 1709676

Style Traditional

Bedrooms 5

HOA Y/N No

Abv Grd Liv Area 4,785

Year Built 1890

Property Sub-Type Apartment

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 4785

Property Description

Originally built as Black's Star Pharmacy (uber cool sign still visible!) w/residential upstairs, this 5-unit bldg anchors the corner of W St Catherine & S 7th. Property in good condition with 5 units (one 2BR, three 1BRs of various sizes and one studio w/office area). Roof is under 3 yrs and gutters are sealed with soffits in good repair. Property is heated by a boiler and has 1 water heater. Owner has window units for 4 of the 5 units (one unit belongs to the tenant) and pays gas, water, sewer and common area electric. Electric is separately metered. Owner owns refrigerators & ranges in units/any other appliances are tenant owned. Long term residents; however, rents are low considering that some utilities are paid. Unit #1 recently renovated. On-street parking. Building is well maintained. Rent rolls are attached in "documents". Leases can be provided upon request. Unit #1 is a newer lease/Unit #5 has been re-leased at the same rate and Unit #2 is a newer lease. The 2nd floor units are both MTM. AT LEAST 48 hours to show as tenants must be given written notification and Listing Agent MUST be present for any showings. Single owner/no complex "records" exist. Owner estimates $650 in LGE in Nov/Dec/Jan/Feb/March and about $150 in LGE in April/May/June/July/Aug/Sept/Oct. He says he spends approx $150 per mo in water. His insurance is very low at $1600 per year. He paid $3130.24 in taxes in 2024. Rear 1BR is on 1 yr lease. Balance of units are MTM. Rents are low - there is a positive upside for a new owner to increase substantially.

Location

State KY

County Jefferson

Direction St Catherine Exit off 65/turn left/follow St Catherine westbound to property - on left at the intersection of W St Catherine and South 6th Street/building takes up corner of W St Catherine & S 7th.

Interior

Heating Other

Cooling Wall/Window Unit(s)

Exterior

Exterior Feature None

View Y/N No

Roof Type Shingle

Porch Porch

Garage No

Building

Lot Description Corner Lot, Covt/Restr, Sidewalk, See Remarks

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Brick

Greater Louisville MLS (Metro Search Inc)

Listed by Exit Realty Home Front

Schools and Properties Nearby

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+1(502) 608-2693

tiffanysiemsrealtor@gmail.com

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624 W Saint Catherine St Louisville, KY 40203