231 N 19th St
Property Description
Historic Mixed-Use Corner Asset with 3 residential units, office space & includes 2 empty lots unlocking a rare portfolio-in-one at the corner of 19th and Duncan. This 1890's historic property offers immediate diversified income potential through a mix of commercial office space, multi-family residential units, and a detached garage. The sale includes 2 adjacent vacant lots (227 & 229 N 19th), bringing the total footprint to approx. 0.3 acres. Ideal for ample parking or future development. Located across from a park, this property offers incredible versatility. An investor can stabilize the residential rent roll, lease the office space, and hold the land for appreciation, or an owner-occupant can run their business downstairs while the apartments pay the mortgage. Main level has entry space, work area, sitting room, small kitchen & half bath. It leads to a private fully fenced gravel yard and entrance to garage and the garage apt above. Basement has a large living room area, small separate room and furnace room with some storage. Upper level has 2 apartments. 2nd floor has a 1 bedroom apt and rents for $800/months. 3rd floor has a 3 bedroom apt and rents for $1000-$1200/mo. Main office level rents for $1200/mo. Invest in a piece of Louisville's history with a modern income potential.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $450,000 |
| No. of Units: | 4 |
| Year Built: | 1890 |
| Lot Size: | 5,470.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $112,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 3 |
ID: 3yd-GLARKY-1723784
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
1757 Cottage Hill Circle
New Market, TennesseeBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout