Price Reduction
5323 New Cut Rd Louisville, KY
$ 315,000
Property Attributes
  • MLS#1573580
  • TypeMulti-Family
  • CityLouisville
  • AreaAuburndale-Fairdale-IroquoisPrk-Shively
  • Zip40214
  • StyleQuadplex
  • Price$ 315,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2350
Listing Provided Courtesy Of:
Keller Williams Louisville East
Property Description

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.

Price History
11/8/2020 Listed $325,000
1/11/2021 4% - $315,000

General Features

Age 12.00
Area 05-Auburndale/Fairdale/IroquoisPrk/Shively
Block 062H
Construction Brick
Energy Central Air, Forced Air Heat
Municipality None
Property Type B
Public Remarks Multi-Faimly Home with tons of potential to be a major cash flow opportunity. This double lot multi-family property has 4 units
Roof Shingle
Security Deposit 0.00
Status Active
Sub Type Quadplex
Subdivision NONE
Term/Lease None
Utilities City Sewer, City Water
Year Built 1970

Interior Features

Above Grade Finished 2350.00
Below Grade Finished 0.00
Total Units 4.0000

Exterior Features

Disclosure Yes
Covered Parking No
Exterior None
Lot 0044
Number of Parking Spaces 8.0


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 40214

AVG $190K
AVG 38
Year Built
AVG 1936

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