2100 Murray Ave

A prime asset in a prime location and beautifully maintained over the last 7 years--unbeatable. This 8-unit 100% occupied multifamily property zoned R7 is nestled on a tree lined street in a premier residential area. Ideally positioned one block from Bardstown Road, a high-traffic commercial corridor spanning three miles of unique, locally owned retail and dining establishments. Additionally, it's located less than two blocks from Cherokee Park, one of the city's most desirable recreational assets where one can enjoy immediate access to 400+ acres of natural beauty. Each unit is ~840 sq ft with two bedrooms, one full bathroom, living room, dining area, kitchen, and closets. Capital expenditures over the past few years ~ $80,000+: replacement windows (exception: back side of property), rebuilt stairways with new railing, aluminum wrap, concrete repairs, low maintenance landscaping, new glass entry storm doors and trim, added exterior light fixtures plus renovated 5 of the units with lvp flooring, new lighting, new appliances, remodeled kitchen/bath. The five remodeled units average rent is $1,274. The remaining three 'retro' units are month-to-month tenants with average rent $882. Undermarket rents present a clear value-add opportunity for increased cash flow. Additional amenities include coin-operated laundry and individual locked storage for each unitboth located in the basement to enhance tenant appeal. Individually metered electric minimize owner expensesowner covers water, sewer, trash and gas. Four unassigned surface parking spaces supplement plentiful on-street parking at the side and front, enhancing tenant convenience and accessibility.