Check out this updated cash flowing 7 Plex with $6,000/month of rental income. This building has been significantly renovated over the past several years with five units rehabbed and rented out to Veterans using the metro section 8 voucher program. The C2 zoning allows for a great deal of flexibility with this building for opportunities for short term rentals, retail, office space or continued multifamily housing. 2024 voucher increases are a plus for this building and opportunity to rehab and increase rents for several more units. Located in the up and coming area of Shelby Park, this multifamily is a perfect addition to an existing portfolio or a great way to start to build a portfolio. Property Professionally managed. Current rent roll is $5,000/month with gross potential after renting last unit increases to $5,925/month. Property has electric water heater paid by owner. All units metered out for electric. Rent Roll and financials available upon request.
Engelhard Elementary School, Public District Grades PK-5
Lincoln Elementary Performing Arts, Public District Grades KG-5
Other
Directions Information:
Directions: Take St Catherine W off I-65 S. Turn right onto St Catherine. Turn left onto S First. Left onto E Oak St. Right onto S Preston. Property is on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $445,000
Price Per SqFt: $95/SqFt
Tax Information:
Annual Amount: $2,817
Tax Year: 2020
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Engelhard Elementary School
1004 S 1st St
Distance between this listing and this school0.57 miles
Public District Grades PK-5
5
/10
Lincoln Elementary Performing Arts
930 E Main St
Distance between this listing and this school1.75 miles
Public District Grades KG-5
Middle School
4
/10
Meyzeek Middle School
828 S Jackson St
Distance between this listing and this school0.71 miles
Public Magnet Grades 6-8
4
/10
Western Middle School
2201 W Main St
Distance between this listing and this school2.88 miles
Public District Grades 6-8
High School
8
/10
Brown School
546 S 1st St
Distance between this listing and this school1.30 miles
Public District Grades KG-12
8
/10
Atherton High School
3000 Dundee Rd
Distance between this listing and this school3.53 miles
Public District Grades 9-12
Assigned Schools
2
/10
Engelhard Elementary School
1004 S 1st St
Distance between this listing and this school0.57 miles
Public District Grades PK-5
5
/10
Lincoln Elementary Performing Arts
930 E Main St
Distance between this listing and this school1.75 miles
Public District Grades KG-5
Nearby Schools
2
/10
Shelby Traditional Academy
735 Ziegler St
Distance between this listing and this school0.60 miles
Public District Grades PK-5
Assigned Schools
4
/10
Meyzeek Middle School
828 S Jackson St
Distance between this listing and this school0.71 miles
Public Magnet Grades 6-8
4
/10
Western Middle School
2201 W Main St
Distance between this listing and this school2.88 miles
Public District Grades 6-8
Nearby Schools
5
/10
Noe Middle School
121 W Lee St
Distance between this listing and this school0.67 miles
Public District Grades 6-8
Assigned Schools
8
/10
Brown School
546 S 1st St
Distance between this listing and this school1.30 miles
Public District Grades KG-12
8
/10
Atherton High School
3000 Dundee Rd
Distance between this listing and this school3.53 miles
Public District Grades 9-12
Nearby Schools
10
/10
Dupont Manual High School
120 W Lee St
Distance between this listing and this school0.71 miles
The neighbors living near this home have an average income of $36,092. The most common annual income of people living in Louisville, KY is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1279 S Preston St
What is the listing price of this property?
The listing price of 1279 S Preston St property is $445,000.
What type of property is this?
The property 1279 S Preston St is a condo located in Louisville, Kentucky, 40203.
Is this property for sale now?
Active Listing: 1279 S Preston St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1279 S Preston St are: Engelhard Elementary School: GreatSchools Rating 2/10Lincoln Elementary Performing Arts: GreatSchools Rating 5/10Meyzeek Middle School: GreatSchools Rating 4/10Western Middle School: GreatSchools Rating 4/10Brown School: GreatSchools Rating 8/10Atherton High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,817 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 30, 2021 for $30,000. (source: MLS/tax record).
What is the square footage of this property?
The property 1279 S Preston St is 4,688 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1279 S Preston St is 1890.
This home is located at 1279 S Preston St in Louisville, KY and zip code 40203 in the Shelby Park neighborhood. This 4,688 square foot home was built in 1890. It has been listed on Rocket Homes since February 01, 2024 and is currently priced at $445,000.
While more than 192 listings in Louisville, KY in March 2024 were sold above asking price, there were more than 192 listings sold at asking price, and more than 317 were sold below. The number of homes for sale in Louisville, KY increased by 6.7% between February 2024 and March 2024.
From Rocket Homes Real Estate and based on county public records data.