2215 Glenmary Ave Active Save Request In-Person Tour Request Virtual Tour
Louisville,KY 40204
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,064 sqft
Price per Sqft $113
Subdivision Cherokee Triangle
MLS Listing ID 1693778
Style Traditional
Bedrooms 13
HOA Y/N No
Abv Grd Liv Area 5,160
Year Built 1920
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Apartment
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 5160
Property Description
A rare find in the heart of Cherokee Triangle, this solid brick boarding house offers an exceptional investment opportunity in one of Louisville's most desirable and walkable neighborhoods. With 18 bedrooms, 4 full baths, and 3 half baths, this property stands out for its size, location, and unique income potential.
What makes this opportunity truly special is its hard-to-come-by non-conforming use status, allowing for room-by-room rentals—an advantage that's nearly impossible to replicate today. With estimated rents of $1,000 per room per month, the property has the potential to generate $216,000 in gross annual income and deliver a projected cap rate of up to 12%!
Recent updates include refreshed kitchen, new ceiling-to-cabinet quartz backsplash, all-new fixtures, new flooring, new cabinet door handles, a new faucet and sink, and updated plumbing underneath. The home is equipped with four HVAC units, the roof was replaced in 2016, and in 2023, $32,000 was invested to replace lead plumbing with modern systems. .
Just steps from Bardstown Road's restaurants, coffee shops, nightlife, and boutiquesand minutes from the scenic trails and golf course at Cherokee Parkthis location is as strong as the numbers.
Location
State KY
County Jefferson
Direction Grinstead Drive to Everrett to Street
Interior
Heating Forced Air,Natural Gas
Cooling Central Air,Wall/Window Unit(s)
Exterior
Exterior Feature Handic Prov,Balcony
View Y/N No
Roof Type Asphalt,Shingle
Porch Screened Porch,Patio
Garage No
Building
Lot Description Near Golf Course,Sidewalk
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Brick