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 coined
Listing courtesy of Lenihan Sotheby's International Realty.