500 17Th StLouisville, KY 40203

Property Details for 500 17Th St

Property size (Sq ft)

22,563 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 20-unit apartment building, constructed in 2021, presents a compelling investment opportunity in Louisville, Kentucky. Located at 500 N 17th St, in Jefferson County, zip code 40203 (38.2624555, -85.7778404), this property boasts a total square footage of 22,563. Currently, there is 7,000 square feet of vacant first-floor commercial space offering significant upside potential. This space could be developed into an additional 5-6 residential units, expanding the property's income stream, or converted into valuable commercial retail or office space, catering to the needs of the surrounding area. The building benefits from an efficient layout and high-quality construction finishes. On-site parking provides convenient and secure access for residents. Situated in an underserved sub-market, this property is also conveniently located in close proximity to downtown Louisville, offering residents easy access to the city's amenities and employment opportunities. The asking price for this turnkey investment is $2,700,000. This represents a rare chance to acquire a newly built, high-yield multifamily property with substantial room for growth and value appreciation in a rapidly developing area.

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2625

Longitude

-85.7778

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