3335 Breckenridge Ln Louisville, KY 40220
Long-term tenants, individual utilities, and significant rent increase potential.
Source:
Kw
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Overview
Established Multifamily Property with Upside
This multifamily property features four units, each with 2 bedrooms and 1 bathroom. Each unit includes a private basement space, which tenants commonly use as a laundry area and family room. The tenants are responsible for their own gas and electric utilities, while the owner covers water, sewer, and garbage expenses. Each unit is equipped with its own furnace, central air conditioning, and water heater. The property has a history of long-term tenancy, with most tenants residing in the building for over 10 years, and some for more than 20 years. Due to this long-term tenancy, the current rents are below market value. There is potential to increase rents, as comparable units in the neighborhood are renting for over $900. The property is easily accessible from a road that parallels Breckenridge Lane, avoiding direct access from heavy traffic. The property is intended for residential income purposes.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.6226673
- Latitude
- 38.201149
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Long-term tenants, individual utilities, and significant rent increase potential.
Where is this quadplex located?
The property is located at 3335 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 over $900).; - Low tenant turnover with long-term tenants (many over 10 years).; - Each unit has its own furnace, central air, and water heater.