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1239 Schiller

Louisville, KY 40204
  • $450,000
  • STATUS: Active
  • ON SITE: 32 Days
  • ID#: 1609843
UPDATED: 40 min ago
$450,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,662
    SQFT
  • $169
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Description

This Germantown property features three units and has been successfully managed as an owner-occupied, three unit Airbnb for the past few years with high occupancy, good income, fantastic reviews and reputation but it also offers a buyer significant upside in the current rental rates. Even better, it comes with an additional lot zoned R-6, which could be utilized for additional multi-family unit construction! The owners have not needed a CUP as it has been their primary residence, but are working with Metro now to obtain a CUP, giving a new owner the flexibility in choosing the leasing structure. The property also has potential for an owner to convert back to a single-family residence, or long term lease all the units. The furniture/ contents is all negotiable.The property backs up to Beargrass Creek offering beautiful green views, a firepit area and great privacy and entertainment opportunities for your guests. A one car garage with storage is located behind the building and could also accommodate additional units on the 2nd floor. Endless potential! The basement level is mostly finished with windows, has common laundry and an owner's storage room. Current rates appear to be lower than the competition and because the property supports a good occupancy record, rates can easily be increased to accommodate demand. Unit Potential Info: 1st floor: 2 Bedrooms/ 1 Bath with full kitchen 2nd floor: 1 Bedroom/ 1 Bath but configured with 2 sleeping areas. Not currently configured with full kitchen but had one prior to ownership and all utilities were capped. Owner willing to build a full kitchen back in with acceptable contract. 3rd floor: 1 Bedroom/ 1 Bath, full kitchen (however, bedroom cannot be considered as a true bedroom) It is noted the property is in the 100-year floodplain; however, the property has never flooded since ownership. This property is booked out and showings mostly available on Mondays and Tuesdays. However, must be requested and approved with the listing agent.

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© 2022 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 Trish Ford Real Estate Team | Keller Williams 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: 2022-05-17T08:58:27.197.
www.louisvilleareahomesforsale.com/homes/127724602
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1239 Schiller Louisville, KY 40204

  • Price: $450,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 40 min ago
  • ID#: 1609843
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,662
SQFT
$169
$/SQFT
1948
Built
Neighborhood:
None
County:
Jefferson
Area:
02-Butchertwn/Hghlnds/Germantwn
Property Description
This Germantown property features three units and has been successfully managed as an owner-occupied, three unit Airbnb for the past few years with high occupancy, good income, fantastic reviews and reputation but it also offers a buyer significant upside in the current rental rates. Even better, it comes with an additional lot zoned R-6, which could be utilized for additional multi-family unit construction! The owners have not needed a CUP as it has been their primary residence, but are working with Metro now to obtain a CUP, giving a new owner the flexibility in choosing the leasing structure. The property also has potential for an owner to convert back to a single-family residence, or long term lease all the units. The furniture/ contents is all negotiable.The property backs up to Beargrass Creek offering beautiful green views, a firepit area and great privacy and entertainment opportunities for your guests. A one car garage with storage is located behind the building and could also accommodate additional units on the 2nd floor. Endless potential! The basement level is mostly finished with windows, has common laundry and an owner's storage room. Current rates appear to be lower than the competition and because the property supports a good occupancy record, rates can easily be increased to accommodate demand. Unit Potential Info: 1st floor: 2 Bedrooms/ 1 Bath with full kitchen 2nd floor: 1 Bedroom/ 1 Bath but configured with 2 sleeping areas. Not currently configured with full kitchen but had one prior to ownership and all utilities were capped. Owner willing to build a full kitchen back in with acceptable contract. 3rd floor: 1 Bedroom/ 1 Bath, full kitchen (however, bedroom cannot be considered as a true bedroom) It is noted the property is in the 100-year floodplain; however, the property has never flooded since ownership. This property is booked out and showings mostly available on Mondays and Tuesdays. However, must be requested and approved with the listing agent.
Exterior Features

Construction Vinyl Covered Parking Yes Exterior PorchScreened in Porch Lot Size 41X256Irregular Parking Spaces 6.0 Roof Shingle

Interior Features

1st Level Bedrooms 2 1st Level Full Baths 1 1st Level Rooms 5 1st Level Total Units 1 2nd Level Bedrooms 1 2nd Level Full Baths 1 2nd Level Rooms 3 2nd Level Total Units 1 Above Grade Finished 1747.00 Above Grade Unfin 0.00 Basement Level Full Baths 1 Basement Level Rooms 6 Basement Level Total Units 1 Below Grade Finished 915.00 Below Grade Unfin 199.00 Energy Natural Gas First Floor Laundry No Nonconform Sq Ft Fin 0.00 Sqft Total Unfin 199.00 Total Units 3.0000 Water Heaters 1.0000

Property Features

City Tax .3546 County Tax .1289 Disclosure Yes Flood Plain Yes Furnaces 0.00 HOAAnnual Amount 0 Lease Term Varies Multifamily Sub Type Triplex Municipality None Owner Pays See Remarks Preservation Dist None Security Deposit N/A Separate Meters Yes Sq Ft Source Appraiser Tenant Pays See Remarks Utilities City SewerCity Water

Listing provided courtesy of Homepage Realty. © 2022 Metro Search, Inc. All rights reserved.


© 2022 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 Trish Ford Real Estate Team | Keller Williams 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: 2022-05-17T08:58:27.197.
 
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Trish Ford Real Estate Team | Keller Williams Realty
1708 Hwy 44 East
Shepherdsville KY, 40165