10233 Blue Lick Rd
Louisville, KY 40229
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Bed
0
Bath
22,812Sqft
1.38Acres(Lot)
Strong investment opportunity at 10233 Blue Lick Rd, Louisville, KY 40229 (located off Blue Lick Rd & Hillcross Dr). Property Overview: 21 large townhome-style units 6 units: 3 bed / 1.5 bath 15 units: 2 bed / 1.5 bath. Current rent roll: $24,461/month (2 vacancies) $27,063/month once fully occupied; up to $29,721/month potential. 22,812 total sq ft Built approximately 23 years ago. New dimensional shingle roofs (Aug/Sept 2023) on all three buildings Large onsite parking lot Utilities: Tenants pay LG&E ,owner pays water/sewer and trash. Laundry in each unit This property presents a strong value-add opportunity through lease-up, along with a potential condo conversion exit strategy that could potentially generate a very profitable return. See attached rent roll and LURA letter
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Roofing Information
Shingle -
Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: Forced Air Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 2003 Building Area Total: 22812 Construction Materials: Vinyl Siding, Brick, Frame Patio And Porch Features: Porch Private Pool: No -
Exterior Features
Exterior Features: None
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Lot Information
Lot Dimensions: 1.3789 Main Square Feet: 1.38 Square Feet Lot Size Square Feet: 1.38Property Information
Subdivision: NONE Source Property Type: Residential Income MLS Area Minor: 06-Buchel/Hghvw/okolona/FernCreek Property SubType: Apartment Property Age: 23
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Listing Price Information
Listing Price: $2450000
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Tax Information
Parcel Number: 203500020000 Tax Lot: 0002 Tax Block: 2035
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Parking Information
Parking Total: 34
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Utility Information
Natural Gas Available, Electricity Connected -
Location Information
Direction: Take I-65 to Outer Loop East Exit to Preston Highway turn right on Preston and follow to South Park Rd turn right and go to Blue Lick Rd. Turn right on Blue Lick follow to Hillcross Drive on left to Buildings at 3601-3613 Hillcross Dr and 3615-3627 Hillcross Dr and 3629-3641 Hillcross Dr. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 8017 Cedar Meadows Ln, Louisville, KY, 40229 | $369,000 | 4 | 3 | 2,356 | 2,356 SqFt |
| 11400 Pebble Trace, Louisville, KY, 40229 | $380,000 | 4 | 3 | 2,376 | 2,376 SqFt |
| 9409 Mossy Creek Way, Louisville, KY, 40229 | $385,000 | 4 | 3 | 2,183 | 2,183 SqFt |
| 11114 Pebble Trace, Louisville, KY, 40229 | $384,900 | 3 | 3 | 2,458 | 2,458 SqFt |
| 11632 Reality Trail, Louisville, KY, 40229 | $285,000 | 3 | 2 | 1,537 | 1,537 SqFt |
| 11700 Reality Trail, Louisville, KY, 40229 | $279,000 | 3 | 2 | 1,284 | 1,284 SqFt |
| 8104 Cedar Meadows Ln, Louisville, KY, 40229 | $359,700 | 4 | 3 | 2,053 | 2,053 SqFt |
| 8815 Wisdom Ln, Louisville, KY, 40229 | $310,000 | 4 | 2 | 1,827 | 1,827 SqFt |
| 8920 Tribute Dr, Louisville, KY, 40229 | $415,457 | 3 | 3 | 1,991 | 1,991 SqFt |
| 8034 Cedar Mdws Ln, Louisville, KY, 40229 | $370,000 | 4 | 2 | 2,471 | 2,471 SqFt |
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ByOwner last updated this listing 06/12/2026 @ 20:25
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