$350,000
$399,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
229 Sowder Lane London, KY 40741
14 Beds
10 Baths
1.31 Acres Lot
Key Details
Sold Price $350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision City Limits
MLS Listing ID 25000905
Sold Date 04/08/25
Bedrooms 14
Full Baths 10
Lot Size 1.310 Acres
Property Description
Investor's Dream! This unique portfolio offers an incredible opportunity to own 10 doors in one transaction, featuring 2 single-family homes (each with 3 bedrooms and 1 bathroom) and 2 quadplexes with a total of 8 studio units. All four buildings are conveniently located on the same street, making them easy to manage and maintain.
#229, #231 and #235 Sowder ln.
Located just 5 minutes from downtown London, KY, and 1 minute from I-75, this portfolio offers easy access to local amenities, employment hubs, and transportation routes. All tenants are on month-to-month leases and have been long-term residents, providing a stable tenant base. Current rents are significantly below market (at least 30%), offering an excellent opportunity to reposition and add value.
The buildings are in need of updates and improvements, making this a prime opportunity for investors ready to unlock the full potential of this portfolio.
Broker owner
Location
State KY
County Laurel
Exterior
View Y/N N
Building
New Construction No
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