1 /
33
Map
$2,893,611*
●
Multifamily -
Off Market
1403-63 Forest Dr
Louisville, KY 40219
Studio
48 Baths
25860 Sqft
$1,755,000 - $2,145,000
Reference Base Price*
48.39%
Since May 1, 2019
National-US
Primary Model
About This Property
Property is under contract pending inspections. Twenty Four 3
bedroom 2 bath single family homes on individual lots being sold as
a package rental community. These homes have separate
utilities and title just like any single family home. Rents
average Approximately $741.00 each with a high of $867.00 and Low
of $615.00. High demand makes these houses very easy to rent
to good tenants. Rent roll and P & L are available.
Please understand that the owner will not inconvenience the
residents with interior inspections until a firm contract, subject
to an interior inspection is in place. In this neighborhood
and at this price there home would be like having a revolving door.
NOTE: This is a KHC Deed Restricted, Low Income Community with 12
years remaining on the restrictions. Sold individually these homes
have supporting comparable sales indicating a value in excess of
$125,000 each with a bit of updating. They can be sold to an
owner occupant by a new owner as long as the purchaser meets the
same low income restrictions as a renter. INCOME IS THE ONLY
RESTRICTION FOR AN OWNER OCCUPANT. For example, a retiree
with a limited income who has cash can buy the house. Once
the house is sold on an arms length sale to an owner occupant the
deed restrictions are released. So if the owner occupant were
to want to rent or sell in the future there are no restrictions.
Seller will not divide this offering. The homes are being
offered as a package only. Further guidelines for future sales to
owner occupants are in documents. See listing agent for details.
Listing agent is not owner
The manager has listed the unit size as 25860 square feet.
The manager has listed the unit size as 25860 square feet.
Unit Size
25,860Ft²
Days on Market
-
Land Size
-
Price per sqft
$75
Property Type
Multifamily
Property Taxes
-
HOA Dues
$17
Year Built
2001
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 13, 2023 | Sold to Deandre Masden | $180,000 | |
Sold to Deandre Masden | |||
Apr 20, 2019 | No longer available | - | |
No longer available | |||
Mar 12, 2019 | Relisted | $1,950,000 | |
Relisted | |||
Nov 23, 2018 | No longer available | - | |
No longer available | |||
Sep 21, 2018 | Price Decreased |
$1,950,000
↓ $90K
(4.4%)
|
|
Price Decreased |
Show More
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/10/2018
|
|
Studio
|
48 Bath
|
25860 ft²
|
-
Studio
48 Bath
25860 ft²
|
-
-
|
-
|
-
|