3203 Utah Ave Louisville, KY 40215
- Apartment buildings
- 7,200 SF
Current Use by Public Records
- Apartment buildings
Property Details for 3203 Utah Ave
- Year built
- 1952
- Property size
- 7,200 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents an eight-unit apartment building located at 3203 Utah Ave, Louisville, KY 40215, in Jefferson County. The property, built in 1952, comprises a single, two-story building encompassing 7,200 square feet. All eight units are configured as two-bedroom, one-bathroom apartments, a highly sought-after layout in this area. The building is classified as Class C. This property offers significant value-add potential, capitalizing on the strong rental market. Louisville's real estate market has experienced remarkable growth, with a 63.8% price increase in the last five years, indicating a robust and expanding investment landscape. The high demand for rental units in this specific location, coupled with the desirable unit configuration, ensures a promising return on investment. The asking price for this eight-unit apartment building is $800,000. This presents a compelling opportunity for investors seeking a strong foothold in a thriving market. The property's location within a rapidly appreciating area of Louisville makes it an attractive and potentially lucrative investment. Don't miss this chance to acquire a well-positioned multifamily property with substantial upside.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.7815
- Latitude
- 38.2082
