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(SOLD) $552,000

1902 Payne St Louisville, KY  40206

  • 3,852 sq. Ft

Property Description for 1902 Payne St Louisville, KY 40206

This well-maintained 6-plex offers an excellent investment opportunity, perfect for both seasoned investors and those looking to start or grow their portfolio. Each unit is ample and well-kept, ensuring long-term tenant satisfaction and minimal vacancy. The property has strong rental potential in a desirable location, with easy access to local amenities. With all major systems in good working order and a history of steady income, this is a turn-key investment ready to generate immediate returns. Don't miss out on this fantastic chance to expand your real estate holdings! Please read agent notes!

Address:1902 Payne St Louisville KY 40206
Status:Sold
Sold On: 10/15/2024
Price:$595,000
Bathrooms:0
Sq. Feet:3,852
Year Built:1927
Lot Size:0.23
County: Jefferson
MLS #:1671285
Property Type:Apartment

Lot Dimensions:9900
Lot Features:0
Utility Options:0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42
Building Utilities:City Sewer, City Water, Electricity Connected
Directions:Lexington to Payne or Frankfort to Ewing to Payne
Abv. Grnd. Sq. Ft. :3,852
Total Sq. Ft. :3,852

Loan Price
$3,109
Price And Interest $2,879/month
Property Tax $0/month
MTG INS $0/month
HOME INS $230/month
Price
$552,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$2,760 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Mandatory HOA Fee:$

Area: 03-Clifton/Crescent Hill/St Matthews
City:Louisville
Subdivision: NONE
Zip Code:40206

Total Sq. Ft.:3,852
Exterior Features:Porch
Exterior Type:Brick, Brk/Ven
Cool:Central Air
Heat:Forced Air, Natural Gas
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Lee Jolly with Family Realty LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Louisville, KY Market Report

359
Avg. DOM
$240.42
Avg. $ / Sq.Ft.
$ 285,000
Med. List Price

The house prices in Louisville are indeed dropping at the moment. There has been a decrease in price of $4,586.29. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Louisville are going Down. The average house price is $285,000.00 and the average price per square feet is $242.49 per square feet. At the moment, the amount of homes listed is exactly 14176 houses, with 6667 with active status, 1273 with pending status and 6236 sold in Louisville .

The most popular place to buy a home in Louisville is 01-Dtwn Old Louisville/Shively/West Lou. 01-Dtwn Old Louisville/Shively/West Lou is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Louisville .

The average amount of property taxes you would have to pay for a home in Louisville is $0.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Louisville are staying listed for an average of 58 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Louisville was 839 minutes ago.

At the moment we have 82 open houses that you can visit.

The cost of the most expensive home in Louisville is $10,000,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Louisville is $1.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Louisville in year 1 and the newest built house is in year 9999.

The average size of properties in Louisville is 2092.97 sq.ft. , the biggest one being 39000 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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