Investor Special - Three Occupied Condo Units in the Highlands

Exceptional opportunity to acquire a package of three individually deeded condominium units within an 8-unit brick building, ideally positioned along Bardstown Road. Offered together, this portfolio presents a compelling blend of immediate income, future upside, and owner-occupant flexibility.

The offering includes one unit on each level (1st, 2nd, and 3rd floors), each featuring 2 bedrooms and 1.5 baths with updated kitchens, bathrooms, and in-unit laundry. All three units are currently occupied, providing in-place income from day one. Notably, two leases expire at the end of May, giving a new owner the option to renew at potentially higher rents or reposition the units for increased returns, or even occupy one unit while leasing the others to offset carrying costs.

Originally built in 1927 and converted to condominiums in 1985, the property blends historic charm with modern convenience. Each unit offers a spacious, functional layout including a family room, sunroom, and separate dining area. Abundant natural light fills the interiors through numerous windows, many of which have been replaced in recent years by the Condo Association.

Additional features include:

• In-unit laundry with dedicated laundry rooms
• Hardwood flooring throughout
• Galley kitchens with breakfast bars and generous pantry space
• Designated parking (a rare amenity in this area)

From an investment perspective, this is a versatile asset: maintain as a stable, income-producing portfolio, reposition units as leases turn for rent growth, or pursue a hybrid strategy by owner-occupying one unit while the remaining units generate income to offset a mortgage, or potentially cover it entirely.

Located just steps from Douglass Loop, farmers markets, grocery stores, and the vibrant Bardstown Road corridor, the property offers strong tenant appeal driven by walkability and neighborhood character.

HOA covers common area utilities (electric, water, sewer), landscaping, snow removal, building insurance, and maintenance, including plumbing within shared walls, helping simplify ownership and control expenses.

Whether you’re expanding a portfolio or seeking a strategic owner occupant opportunity, this three-unit package delivers location, flexibility, and long-term upside in one of Louisville’s most desirable submarkets.

• Package of 3 individually deeded condo units within an 8-unit building
• One unit per floor (1st, 2nd, 3rd) — all 2 bed / 1.5 bath layouts
• Currently income-producing with all units leased
• Two leases expiring end of May—opportunity to raise rents or owner occupy
• Ideal “house hack” potential: live in one unit, lease the other two
• Updated interiors with in-unit laundry, hardwood floors, and spacious layouts
• Includes designated parking (rare for the area)
• Prime Bardstown Road/ Highlands location with strong rental demand and walkability