About 1122 Garvin Pl
The Old Louisville Flats. This 32-unit apartment building represents a highly desirable, historically stable asset class with significant value-add potential. Long-term family ownership means pride in ownership with this extremely well-cared-for property. Property Overview & Investment Highlights 32 one-bedroom apartments plus one bonus on-site manager's space in the basement. Located in the historic Old Louisville area, known for its high density of Victorian architecture and strong tenant demand driven by proximity to the University of Louisville, Spalding University, and downtown employment hubs. Value-Add Potential: The "upside in rents" indicates an opportunity to implement easy upgrades to capture market-rate premiums. On-site laundry facilities provide immediate auxiliary income and serve as a vital amenity for the tenants.
Features of 1122 Garvin Pl
| MLS® # | 1721984 |
|---|---|
| Price | $2,599,000 |
| Bedrooms | 2 |
| Bathrooms | 3.00 |
| Square Footage | 17,404 |
| Acres | 0.48 |
| Year Built | 1961 |
| Type | Multi Family |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 1122 Garvin Pl |
|---|---|
| Area | 00-Central Downtown District/Old Louisville |
| Subdivision | OLD LOUISVILLE |
| City | Louisville |
| County | Jefferson |
| State | KY |
| Zip Code | 40203 |
Amenities
| Amenities | Other |
|---|---|
| Utilities | Electricity Connected, Fuel:Natural |
| Is Waterfront | No |
Interior
| Heating | Natural Gas, Steam |
|---|---|
| Cooling | Other, Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Balcony, None |
|---|---|
| Lot Description | Sidewalk |
| Roof | Membrane |
| Construction | Concrete, Block, Stucco |
Additional Information
| RE / Bank Owned | No |
|---|
Listing Details
| Office | Weichert Realtors - ABG |
|---|