1836 Algonquin Pkwy, Louisville, KY 40210
NONE · Jefferson County
Key Facts
Description
Excellent opportunity to own an income-producing multi-unit property with immediate cash flow and future upside. Two of the three units are currently leased, providing rental income from day one, while the third unit is vacant and ready for an owner-occupant or new tenant. Live in one unit while tenants help offset your mortgage, or lease the vacant unit for additional income. The property has been well improved and offers an additional value-add opportunity in the unfinished basement, where much of the groundwork has already been completed for a potential fourth unit, including a separate entrance (subject to approvals and permitting). With two income-producing units, one vacant unit, and future expansion potential, this is an ideal opportunity for both cash flow and long-term upside Excellent opportunity to own an income-producing multi-unit property with immediate cash flow and future upside. Two of the three units are currently leased, providing rental income from day one, while the third unit is vacant and ready for an owner-occupant or new tenant. Live in one unit while tenants help offset your mortgage, or lease the vacant unit for additional income. The property has been well improved and offers an additional value-add opportunity in the unfinished basement, where much of the groundwork has already been completed for a potential fourth unit, including a separate entrance (subject to approvals and permitting). With two income-producing units, one vacant unit, and future expansion potential, this is an ideal opportunity for both investors and owner-occupants seeking cash flow and long-term upside.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Style
Traditional
Year Built
1940
Living Area
2,279 sq ft
Lot Dimensions
-
Parking Spaces
6
Days on Market
30
MLS® Listing#
1716326
Property Features
- Exterior:
- Balcony
- Patio:
- Porch
- Construction:
- Brick, Frame
- Roof:
- Shingle
- Utilities:
- Electricity Connected
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- HOA:
- None
- Parcel #:
- 07279500090000
Directions
Dixie Hwy to Algonquin Pkwy west to property
Affordability Calculator
$46,000
Estimated monthly payment
$1,224/mo
Principal $184,000 · Est. interest $256,696 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Louisville, KY
- $300,733
- Median Listing Price
- 41
- Median Days on Market
- 1,719
- Median Sq Ft
- $165
- Median Price / Sq Ft
- 2,202
- Active Listings
- This home’s price is 24% below the area median.
- Its price per sq ft is 39% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Louisville, KY.
Location
- 1836 Algonquin Pkwy, Louisville, KY 40210
Nearby Schools
Jefferson County Public School
Secondary · 0.9 mi away
Maupin Elementary
Elementary · 1.0 mi away
McFerran Preparatory Academy
School · 1.0 mi away
Western Day Treatment
Elementary · 1.0 mi away
Carter Traditional Elementary School
Elementary · 1.2 mi away
Duvalle Education Center
School · 1.2 mi away
Frayser Elementary School
Elementary · 1.3 mi away
Phillis Wheatley Elementary School
Elementary · 1.3 mi away
Knight School of Welding
Secondary · 1.4 mi away
Kennedy Montessori Elementary School
Elementary · 1.4 mi away
Brandeis Elementary School
Elementary · 1.5 mi away
West End School
School · 1.5 mi away
Cochran Elementary School
Elementary · 1.6 mi away
Foster Traditional Academy
Secondary · 1.7 mi away
Cane Run Elementary School
Elementary · 1.8 mi away
Noe Middle School
Secondary · 1.9 mi away
Mill Creek Elementary School
Elementary · 2.0 mi away
Youth Performing Arts School
Secondary · 2.0 mi away
Emma L Minnis Junior Academy
Elementary · 2.0 mi away
Roosevelt Perry Elementary School
Elementary · 2.0 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Louisville
Listing Courtesy: Commitment Real Estate Group - 5027922052