1241 S 1st St

This great Old Louisville solid brick 5-plex has two 2-bedroom units & three 1-bedroom units with right at 3828 Sq. Ft. of finished space. The current residents pay for their own gas & electric and the management company uses the Ratio Utility Billing System to capture the building water/sewer costs as well. These units offer lots of Old-World charm and character with original fireplace mantels, lots oak flooring, tall ceilings and spacious rooms. Many long-term tenants reside in the building. There are 5 HVAC systems, 6 water heaters & complimentary washer & dryer in basement for residents use. There are 3 parking spaces off the rear alley that could potentially hold 6 cars if parked in tandem. The building is currently fully leased. Please see the document tab for floor sketches & layouts of the units and current rent roll. Priced at $85K per unit. Minimum of 48-hour notice to show units. Conveniently located near U of L, downtown, the airport and major expressways. This property is located in the Old Louisville Historic Preservation District.