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- Price$980,000
- Beds16
- Baths14
- Sq. Ft.9,824
- Built1929
3610 Del Park Terrace, Louisville
Value-add 14-unit multifamily investment opportunity in West Louisville. The property consists entirely of 1-bedroom, 1-bath units, with 12 units approximately 550+ SF and 2 units approximately 800+ SF. Currently generating ~$8,000/month in gross income with four vacancies, including two recently renovated units now in lease-up, offering immediate upside through stabilization and rent normalization. Market rents are $800+ for market tenants (tenant-paid gas and electric) and $950+ for Section 8 (gross). Each unit is individually metered for LG&E, with water/sewer common. Recent ownership upgrades help reduce near-term CAPEX. Convenient location with quick access to I-264 and major Louisville corridors, positioned in an area seeing continued community investment and redevelopment.
Essential Information
- MLS® #1711511
- Price$980,000
- Bedrooms16
- Bathrooms14.00
- Square Footage9,824
- Year Built1929
- TypeMulti Family
- Sub-TypeQuadruplex
- StatusActive
Amenities
- UtilitiesElectricity Connected, Other
Exterior
- Exterior FeaturesNone
- RoofAsphalt
- ConstructionBrick Veneer
Community Information
- Address3610 Del Park Terrace
- Area01-Dtwn Old Louisville/Shively/West Lou
- SubdivisionLINDELL
- CityLouisville
- CountyJefferson
- StateKY
- Zip Code40211
Interior
- HeatingRadiant, Other
- CoolingCentral Air, Wall/Window Unit(s)
Listing Details
- Listing OfficeColliers
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