306 Birchwood AveLouisville, KY 40206

For Sale
$1,170,000

10-Unit Apartment Building, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional 10-unit apartment building in Louisville, KY, presents a compelling investment opportunity. Located at 306 N Birchwood Ave and 2728 Riedling Dr, this property boasts a total of 11,130 square feet of net rentable space across two adjacent buildings, situated on a 0.24-acre lot. The main building, at 306 N Birchwood Ave, is a two-story structure built in 1960, featuring eight spacious 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. Recent upgrades include new roofs, HVAC systems, water heaters, and lighting fixtures throughout. Residents enjoy convenient amenities such as off-street covered parking, on-site laundry facilities, and lower-level storage. The property is zoned R7 and offers below-market rents, providing significant potential for rental income growth. Its prime location offers easy access to shopping, dining, grocery stores, and major highways. The asking price is $1,170,000, translating to $105.12 per square foot. This property is an excellent addition to any investor's portfolio. The current configuration offers a strong foundation for immediate cash flow and future value appreciation.

Highlights

  • $1,170,000 asking price for a multifamily property.
  • 10-unit apartment building (8 two-bedroom/one-bathroom units and 2 one-bedroom/one-bathroom units).
  • 4,398 square feet on a 0.24-acre lot in Louisville, KY.
  • Recently renovated with new roofs, HVAC systems, water heaters, and lighting.
  • Offers off-street covered parking, laundry facilities, and lower-level storage.

Property Details for 306 Birchwood Ave

Property type
Other retail properties, Multifamily properties
Square Feet
4,398 SF
Year Built
1960
Buildings
1
Stories
2
Lot Size (sq. ft)
10,454 SF
Units
5

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.2604017
Longitude
-85.6935825
306 Birchwood Ave, Louisville, Kentucky

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306 Birchwood Ave
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