2926 Dixie Hwy Louisville, KY 40216

Property Details for 2926 Dixie Hwy

Year built

1930

Lot size

0.43 lot acres

Property size

3,124 SF

Property type

Residential income homes

Description

This multifamily investment opportunity in Louisville, Kentucky, presents a compelling prospect for owner-users or investors. Located at 2926 Dixie Hwy, this property encompasses 3,124 square feet on a 0.43-acre lot and features four rental units within a two-story building constructed in 1930. The property boasts 100% occupancy, generating substantial rental income. The unit breakdown includes a spacious four-bedroom unit on the first floor, a one-bedroom apartment, and an efficiency unit in the basement, along with a cozy one-bedroom apartment on the second floor. Current tenants share utility costs, maximizing profitability. Ample parking is available with 21 spaces. The property is zoned C1 and offers significant potential for increased revenue. The large first-floor unit could be subdivided into two separate apartments, further enhancing rental income. The property is being sold as-is. The asking price is $339,000, translating to $108.51 per square foot and $84,750 per unit. The Jefferson County property features a total of 21 parking spaces. This is a turnkey investment ready for immediate income generation.