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    1459 Saint James

    Louisville, KY 40208
    • $899,900
    • STATUS: Active
    • ON SITE: 358 days
    • ID#: 1544911
    UPDATED: 48 min ago
    $899,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,176
      SQFT
    • $110
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    10 unit apartment building in downtown Louisville's Saint James Court across from Central Park. The stately building is in excellent condition and essentially a turn-key fully leased building. 6 of the units are 1 bedroom 1 bath units and 4 of the units are studio units. 9 of the units are in the 3 story main house and 1 unit is in the carriage house. 3 parking spots are adjoining the carriage house and then on street parking. The rents are between $695 and $845 monthly. Each unit has separate electric. Heat is provided by a 95% efficiency boiler installed in 2015. Gross annual income is approximately $93,757 with the cap rate of 7.498%. There is a large brick patio in the backyard for the tenants' outdoor entertaining. The basement level provides additional storage and a coinedlaundry for the tenants. The St. JamesBelgravia Historic District, within Old Louisville, was placed on the National Register of Historic Places in 1972. It comprises St. James Court (north) and the Belgravia Court (south). It was the site of the Southern Exposition, and is bordered to the north by the scenic Central Park, a popular summer destination of Shakespeare in the Park patrons. The area is famous for the St. James Court Art Show that takes place the first weekend of October, and attracts thousands of visitors, artisans, and craftsmen. The Belgravia area features houses inspired by its namesake in London, England, and has no immediate street access, as it is a "walking court" with a green area instead of a street where the main entrances face. It features two important houses: the ConradCaldwell House, and the Pink Palace. This sought after location provides easy access to Downtown Louisville, The University of Louisville and SDF, The Louisville International Airport. Walking distance to several parks, restaurants, UofL, downtown Louisville and access to Bus routes.

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    © 2020 Metro Search Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Lenihan Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Data last updated: 2020-09-27T21:58:14.937.
    www.louisvillehousehunter.com/homes/99628775
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    1459 Saint James Louisville, KY 40208

    • Price: $899,900
    • Status: Active
    • Updated: 48 min ago
    • ID#: 1544911
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,176
    SQFT
    $110
    $/SQFT
    1911
    Built
    Neighborhood:
    Old Louisville
    County:
    Jefferson
    Area:
    Dtwn Old Louisville/Shively/West Lou
    Property Description
    10 unit apartment building in downtown Louisville's Saint James Court across from Central Park. The stately building is in excellent condition and essentially a turn-key fully leased building. 6 of the units are 1 bedroom 1 bath units and 4 of the units are studio units. 9 of the units are in the 3 story main house and 1 unit is in the carriage house. 3 parking spots are adjoining the carriage house and then on street parking. The rents are between $695 and $845 monthly. Each unit has separate electric. Heat is provided by a 95% efficiency boiler installed in 2015. Gross annual income is approximately $93,757 with the cap rate of 7.498%. There is a large brick patio in the backyard for the tenants' outdoor entertaining. The basement level provides additional storage and a coinedlaundry for the tenants. The St. JamesBelgravia Historic District, within Old Louisville, was placed on the National Register of Historic Places in 1972. It comprises St. James Court (north) and the Belgravia Court (south). It was the site of the Southern Exposition, and is bordered to the north by the scenic Central Park, a popular summer destination of Shakespeare in the Park patrons. The area is famous for the St. James Court Art Show that takes place the first weekend of October, and attracts thousands of visitors, artisans, and craftsmen. The Belgravia area features houses inspired by its namesake in London, England, and has no immediate street access, as it is a "walking court" with a green area instead of a street where the main entrances face. It features two important houses: the ConradCaldwell House, and the Pink Palace. This sought after location provides easy access to Downtown Louisville, The University of Louisville and SDF, The Louisville International Airport. Walking distance to several parks, restaurants, UofL, downtown Louisville and access to Bus routes.
    Exterior Features

    Construction Brick Covered Parking No Exterior DeckPorch Lot Description Sidewalk Lot Size 0 Parking Spaces 3.0 Roof RolledShingle

    Interior Features

    1st Level Bedrooms 4 1st Level Full Baths 4 1st Level Rooms 11 1st Level Total Units 4 2nd Level Bedrooms 3 2nd Level Full Baths 3 2nd Level Rooms 8 2nd Level Total Units 3 3rd Level Bedrooms 3 3rd Level Full Baths 3 3rd Level Rooms 7 3rd Level Total Units 3 Above Grade Finished 8176.00 Above Grade Unfin 0.00 Basement Level Rooms 5 Below Grade Finished 0.00 Below Grade Unfin 2683.00 Energy Central AirForced Air HeatGas HeatRadiant HeatWindow/Wall Unit Nonconform Sq Ft Fin 0.00 RFactor Ceiling No Sqft Total Unfin 2683.00 Total Units 10.0000 Water Heaters 3.0000

    Property Features

    1st Level Rent 3175.00 2nd Level Rent 2355.00 3rd Level Rent 2165.00 City Tax .3538 County Tax .9485 Disclosure Yes Flood Plain No Furnaces 3.00 Lease Term 0 Multifamily Sub Type Apartment Municipality Louisville Owner Pays SewerTrash RemovalWater Preservation Dist Old Louisville Project Facilities Laundry FacilityPets Allowed Security Deposit 0 Separate Meters Yes Sq Ft Source Appraiser Tenant Pays CableElectricGas Utilities City SewerCity WaterElectricity ConnectedFuel:Natural

    Listing provided courtesy of Lenihan Sotheby's International Realty. © 2020 Metro Search, Inc. All rights reserved.


    © 2020 Metro Search Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Lenihan Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Data last updated: 2020-09-27T21:58:14.937.
     
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    Keller Williams Realty Louisville East
    9911 Shelbyville Road
    Louisville KY, 40223