3333 Breckenridge Ln Louisville, KY 40220
Four units, long-term tenants, potential rent increases, convenient location.
Source:
Kw
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Overview
Louisville Quadplex with Basement Units
This multifamily property features four units, each with 2 bedrooms, 1 bathroom, and a private basement that tenants commonly use as a laundry area and family room. Each unit is equipped with its own furnace, central air, and water heater. Tenants are responsible for their own gas and electric bills, while the owner covers water, sewer, and garbage expenses. The property is situated with easy access from a road that parallels Breckenridge Lane, avoiding direct traffic. A notable feature is the long-term tenancy, with most tenants residing in the building for over 10 years, and some for over 20 years. Due to this long-term occupancy, the current rents are below market value, presenting an opportunity to increase rents, as similar units in the neighborhood are renting for over $900. Only one unit has been available for rent in the past two years, and it was rented for $925.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.6224429
- Latitude
- 38.2013115
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four units, long-term tenants, potential rent increases, convenient location.
Where is this quadplex located?
The property is located at 3333 Breckenridge Ln Louisville, KY.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: - Significant potential to increase rents to market value (neighboring rents at $900+).; - Low tenant turnover with long-term tenants (some 20+ years).; - Each unit has a private basement, functioning as laundry and family room.