1240 S 1st St, Louisville, KY

$700,000

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6

Beds

5

Baths

4,958

Square feet

0.16

Acres

About 1240 S 1st St

Awesome Old Louisville 5-unit building with Mid-term rentals located on South First St. Stunning and remarkable renovation that offers 5 Derby themed furnished spaces and is currently bringing in $7,995 per month in rents. 4 one-bedroom units and one spacious 2-bedroom unit. Each unit offers an all-in-one washer/dryer unit for resident convenience. Each unit has fully equipped kitchens (pots, pans, cutlery, dishware, etc.) with stoves, dishwashers, microwaves & refrigerators and all small kitchen appliances. All furniture, bedding, linens, towels, etc.) will remain. Lots of original oak hardwood flooring, original fireplace mantels, some claw foot tubs, all bedrooms have black out blinds in them. Most of the residents are traveling nurses who generally stay for 3 - 6 months. The building went through a full restoration/renovation in 2023 that included updating electrical, plumbing, 5 HVAC systems, new hanging gutters, downspouts & box gutters reworked. All kitchens and baths were thoughtfully renovated at this time as well. Each unit is separately metered for gas & electric (however the current owners pay all utilities and internet as a convenience to the residents). Parking is not an issue here, the 35' X 200' lot provides parking for up to 8 vehicles. Water, sewer, gas and electric average around $1060 per month. The owners also provide Internet access to all units, which is $115 per month.

Features of 1240 S 1st St

MLS® # 1727957
Price $700,000
Bedrooms 6
Bathrooms 5.00
Square Footage 4,958
Acres 0.16
Year Built 1897
Type Multi Family
Sub-Type Apartment
Status Active

Community Information

Address 1240 S 1st St
Area 01-Dtwn Old Louisville/Shively/West Lou
Subdivision OLD LOUISVILLE
City Louisville
County Jefferson
State KY
Zip Code 40203

Amenities

Utilities Electricity Connected, Fuel:Natural
Is Waterfront No

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No

Exterior

Exterior Features None
Lot Description Sidewalk
Roof Asphalt, Shingle
Construction Wood Frame, Brick, Stone

Additional Information

RE / Bank Owned No

Listing Details

OfficeRE/MAX Results

Listing Map

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