About 3610 Del Park Terrace
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.
Features of 3610 Del Park Terrace
| MLS® # | 1711511 |
|---|---|
| Price | $1,050,000 |
| Bedrooms | 16 |
| Bathrooms | 14.00 |
| Square Footage | 9,824 |
| Year Built | 1929 |
| Type | Multi Family |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 3610 Del Park Terrace |
|---|---|
| Area | 01-Dtwn Old Louisville/Shively/West Lou |
| Subdivision | LINDELL |
| City | Louisville |
| County | Jefferson |
| State | KY |
| Zip Code | 40211 |
Amenities
| Utilities | Electricity Connected, Other |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Radiant, Other |
|---|---|
| Cooling | Central Air, Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Asphalt |
| Construction | Brick Veneer |
Additional Information
| RE / Bank Owned | No |
|---|
Listing Details
| Office | Colliers |
|---|