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Old Louisville Flats 1122 Garvin Pl 32 Unit Apartment Building For Sale Louisville, KY 40203
Executive Summary
The Old Louisville Flats. This 32-unit apartment building represents a highly desirable, historically stable asset class with significant value-add potential. Long-term family ownership means pride in ownership with this extremely well-cared-for property. Property Overview & Investment Highlights 32 one-bedroom apartments plus one bonus on-site manager's space in the basement. Located in the historic Old Louisville area, known for its high density of Victorian architecture and strong tenant demand driven by proximity to the University of Louisville, Spalding University, and downtown employment hubs. Value-Add Potential: The "upside in rents" indicates an opportunity to implement easy upgrades to capture market-rate premiums.
On-site laundry facilities provide immediate auxiliary income and serve as a vital amenity for the tenants.
On-site laundry facilities provide immediate auxiliary income and serve as a vital amenity for the tenants.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | - | 500 |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,386,620 | |
| Land Assessment | $60,000 | Total Assessment | $1,446,620 |
Property Taxes
Parcel Numbers
Land Assessment
$60,000
Improvements Assessment
$1,386,620
Total Assessment
$1,446,620
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Old Louisville Flats | 1122 Garvin Pl
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