4112 Taylor Blvd
Louisville, KY 40215
11.1% CAP-FULLY REMODELED- RETAIL/APTS/OFFICE · Retail Property For Sale

$9,000 commission to BUYER's AGENT. SAVE HAVEN- RECESSION-PROOF Cash cow, High 11.1% cap rate based on $37,618 immediate NOI for new owner (add $1200 more annual rent increase to NOI effective 08/2021 from increase in annual rent from beauty supply store) and 12.88% based on 10-year average projected NOI of $43,667. Annual Gross Rents are $56,556 (add $1200 more rent increase to Annual Gross Rents effective 08/2021 from increase in annual rent from beauty supply store, which goes straight to NOI). Mixed use - retail/office/two apartments - Diversified, Stable, Proven since 2010 Income. Renovated for MINIMUM Maintenance Care-Ceramic Tile Floors, High efficiency Heat pump and furnaces, vinyl commercial baseboards (never to be repainted), semi-gloss paint allows for wall cleaning and not repainting for 2nd floor. Property tax is calculated based on new sale price. Annual insurance premium of $4500 is assumed that covers $800K replacement property value. This is a fully renovated property from the floor joists and up in 2010 on first floor [I. Beauty supply tenant @ 3500 sq ft since 2010] and in 2017 on second floor [II. 4 bd/1.5 bath (1800 sq ft) & III. 2 bd/1 bath (1200 sq ft) Section 8 apartments] and IV. Owner's employment agency office (200 sq ft) between the two apartments since 2016. All Ceramic-tile floors on 2nd story - Maintenance Free Care. All renovations have permits and work was inspected and approved by city and state inspectors, and fire marshal.