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Off market
  • $220,000

    5323 New Cut Rd, Louisville, KY 40214

    --beds
    0baths
    2,350sqft
    MultiFamily
    Built in 1970
    -- sqft lot
    $-- Zestimate®
    $94/sqft
    $1,165 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,165/mo

    Zestimate® history
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    $1,097/mo

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    What's special

    Multi-Faimly Home with tons of potential to be a major cash flow opportunity. This double lot multi-family property has 4 units, but holds the potential to be 5 units including 1 of the units which is currently set up more as a traditional single family home layout. On the left side you will find a finished space of approx 1375 sq. ft and an unfinished basement that is around 1250 sq.ft. This unit is set up with a familiar single family layout. Above this unit is the potential for a completely separate 2 bedroom unit if you were to add stairs/separate entrance. The right side of the building is laid out as 3 separate 2 Bedroom, 1 bath units with about 700sqft per unit. The 3rd floor unit is finished space and currently occupied. The middle floor and basement level units are waiting to be finished. The basement level on the right side of the building is recently waterproofed. All remaining/extra materials to complete units will be left. Double lot, tons of parking. No current rent rolls, this is currently occupied as a primary residence. Could be the perfect buy and hold investment property, or a great rental add to your investment portfolio. Lots of meat on the bone to make this a great investment opportunity! Buyer/Buyers agent to verify square footage, year built, etc.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air
    Cooling
    • Central
    Features
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 2,350 sqft
    • Finished area below ground: 0.00

    Property

    Parking
    • Total spaces: 8
    Features
    • Exterior features: Brick
    Lot
    • Size: 0.48 Acres
    Details
    • Parcel number: 062H00440000

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Composition
    Condition
    • Year built: 1970

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: City Water
    • Utilities for property: Water Connected, Sewer Connected

    Community & neighborhood

    Location
    • Region: Louisville

    Other

    Other facts
    • Sewer: Public Sewer
    • Heating: Forced Air
    • Roof: Shingle
    • HeatingYN: true
    • CoolingYN: true
    • BusinessType: Residential
    • ConstructionMaterials: Brick
    • PropertyAttachedYN: true
    • FarmLandAreaUnits: Square Feet
    • LivingAreaSource: Other
    • Utilities: Water Connected, Sewer Connected
    • CoveredSpaces: 0
    • Cooling: Central Air
    • OpenParkingYN: true
    • BelowGradeFinishedArea: 0.00
    • PetsAllowed: false
    • CultivatedArea: NaN
    • ParkingFeatures: Open
    • PastureArea: NaN
    • WaterSource: City Water
    • WoodedArea: NaN
    • NumberOfUnitsTotal: 4.0000

    Price history

    DateEventPrice
    4/12/2021Sold$220,000-23.6%$94/sqft
    Source: GLARMLS #1573580 Report a problem
    2/15/2021Pending sale$288,000$123/sqft
    Source: GLARMLS #1573580 Report a problem
    2/9/2021Price change$288,000-8.6%$123/sqft
    Source: GLARMLS #1573580 Report a problem
    1/11/2021Price change$315,000-3.1%$134/sqft
    Source: GLARMLS #1573580 Report a problem
    11/8/2020Listed for sale$325,000+225%$138/sqft
    Source: Keller Williams Louisville East #1573580 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2023$2,952 -1.3%$220,000
    2022$2,992 -26%$220,000 -22.1%
    2021$4,045 +60.8%$282,560 +54.4%

    Find assessor info on the county website

    Neighborhood: Kenwood Hill

    Nearby schools

    GreatSchools rating
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