See Home Value
$2,893,611*
Multifamily - Off Market

1403-63 Forest Dr

Louisville, KY 40219
bedrooms
Studio
bathrooms
48 Baths
square feet
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.
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
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Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180810
08/10/2018
Studio
48 Bath
25860 ft²
-
bedrooms
Studio
bathrooms
48 Bath
square feet
25860 ft²
-
-
-
-

Building Info

1403 Forest Drive 1403 Forest Drive, Louisville, KY 40219
More about this Building
1403 Forest Drive
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About South Side


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Nearby Rentals

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$1,175 /mo

  • 2 Beds
  • 1 Bath
3409 Prestwood Drive #3409 Prestwood Drive Unit 2, Louisville, KY, 40219 Listing by Manager


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