306 Birchwood AveLouisville, KY 40206

Property Details for 306 Birchwood Ave

Year built

1960

Lot size

0.24 AC

Property size (Sq ft)

4,398 SF

Property type

Retail properties

Property subtype

Apartment buildings

Description

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.

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2604

Longitude

-85.6936

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