$450,000
Estimated Payment$2,125/mo
Multi-Family For Sale

1239 Schiller, Louisville, KY 40204

2,662Sq. Ft.
Multi-Family Home In Germantown

This Germantown property features three units and has been successfully managed as an owner-occupied, three unit Airbnb for the past few years with high occupancy, good income, fantastic reviews and reputation but it also offers a buyer significant upside in the current rental rates. Even better, it comes with an additional lot zoned R-6, which could be utilized for additional multi-family unit construction! The owners have not needed a Cup as it has been their primary residence, but are working with Metro now to obtain a Cup, giving a new owner the flexibility in choosing the leasing structure. The property also has potential for an owner to convert back to a single-family residence, or long term lease all the units. The furniture/ contents is all negotiable. The property backs up to Beargrass Creek offering beautiful green views, a firepit area and great privacy and entertainment opportunities for your guests. A one car garage with storage is located behind the building and could also accommodate additional units on the 2nd floor. Endless potential! The basement level is mostly finished with windows, has common laundry and an owner's storage room. Current rates appear to be lower than the competition and because the property supports a good occupancy record, rates can easily be increased to accommodate demand.Unit Potential Info:1st floor: 2 Bedrooms/ 1 Bath with full kitchen2nd floor: 1 Bedroom/ 1 Bath but configured with 2 sleeping areas. Not currently configured with full kitchen but had one prior to ownership and all utilities were capped. Owner willing to build a full kitchen back in with acceptable contract.3rd floor: 1 Bedroom/ 1 Bath, full kitchen (however, bedroom cannot be considered as a true bedroom)It is noted the property is in the 100-year floodplain; however, the property has never flooded since ownership.This property is booked out and showings mostly available on Mondays and Tuesdays. However, must be requested and approved with the listing agent

1239 Schiller is a multi family-home located in Jefferson, the 40204 ZIP Code, and the Shelby Traditional Academy, Jefferson County Traditional Middle School, and Seneca High School attendance zones.

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1239 Schiller
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Location
1239 Schiller Louisville, KY 40204
Home Details

Listing Details

General

  • Disclosures: Yes

    Interior Details

    Utilities

    • Utilities: City Sewer, City Water

      Property Details

      Construction Details

      • Roof: Shingle
      • Construction Materials: Vinyl

      Location Details

      Region

      • City/Region: Butchertwn Hghlnds Germantwn

        MLS Details

        General

        • Days on Homes.com: 78
        • MLS Number: 1609843
        • Listed: 4/15/2022
        • Last Updated: 6/30/2022
        • Offered By: Homepage Realty
        • Listing Source: Metro Search, Inc. (Greater Louisville Aor)
        Monthly Payment Calculator

        $2,125

        Estimated Mortgage
        Principal & Interest
        $1,518
        Insurance
        $158
        Taxes
        $450
        Mortgage Insurance
        $0
        i
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        i
        If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
        Nearby Schools
        School data provided by GreatSchools
        i
        The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs and consider family needs as a part of the school selection process.
        Points of Interest

        Airports

        Distance
        • Louisville International
          6.3 mi

        Colleges

        Distance
        • University of Louisville
          2.4 mi
        • Spalding University
          2.8 mi
        • Bellarmine University
          2.6 mi

        Military Bases

        Distance
        • Louisville Naval Ordinance Station
          6.6 mi
        • Fort Knox
          25.7 mi
        • Fort Knox West Point
          38.0 mi

        Parks and Recreation

        Distance
        • Cherokee Park
          2.8 mi
        • Louisville Nature Center
          2.5 mi
        • Louisville Waterfront Park
          2.9 mi

        Shopping Centers

        Distance
        • Germantown Square Shopping Center
          0.9 mi
        • 1000 Baxter Avenue Center
          1.0 mi
        • Tyler Park Plaza
          1.0 mi
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        Listing Agent
        Amanda Helfrich
        Homepage Realty
        Louisville, KY
        Continue Your Search

        $450,000

        2,662 Sq. Ft.

        1239 Schiller

        Louisville, KY 40204

        Amanda Helfrich
        Homepage Realty