1633 S 4th St, Louisville, KY 40208

Investment Opportunity: Premier 9-Unit Property Near UofL! Act Fast! This is a rare chance to acquire a meticulously managed 9-unit multi-family property located just moments from the University of Louisville campus. Situated on S 4th St, this property is at the epicenter of student housing demand, ensuring a steady stream of tenants and a robust rental income. With a current monthly rent roll of $7,584 and an annual income of $91,008, this is a turn-key investment with significant cash flow from day one. Strong Current Income & Massive Value-Add Potential: The property is a fantastic mix of occupied units and vacant, rent-ready units, providing an immediate return on investment. While some units have a month-to-month lease, others are already leased, offering a mix of stability and... ...flexibility. The building presents an incredible opportunity for a new owner to implement strategic renovations and push rents to their full market potential, significantly increasing the Cap Rate. The potential for future expansion is even more exciting, with three additional units in the basement that will be available to view soon. Once renovated and rented at an estimated $700 each, these units could increase the total annual income to over $116,208! Proximity & Layout: Walkable to Cardinal Boulevard and the core of the UofL campus, this location is a top choice for students and faculty. The property is designed for efficiency and demand, with all units being studios, each with 1 bathroom. First Floor: Two studio units, including one that is currently vacant and accessible from the back. Second Floor: Four studio units, including two that are currently vacant. Third Floor: Two studio units, with one currently vacant and one occupied on a month-to-month lease. Separate Studio Apartment: This unit is accessible from the rear of the building and features its own private deck. Showing & Access: Vacant units, the exterior, and common areas can be scheduled for showings via ShowingTime. Occupied units require a minimum of 48 hours' notice for a scheduled viewing to coordinate with tenants. Tenants pay $100/month for electric and $100/month for water. Disclosure: Property is being sold AS-IS, with no warranties expressed, written, or implied. Buyer to verify all information, including but not limited to square footage, lot size, utilities, foundation, environmental concerns, zoning, and intended uses. Please allow 48-72 hours for a response to all offers. Note: This investor is liquidating their portfolio. Inquire for additional properties in the area. Don't miss this chance to acquire a high-yield asset in a prime location!