$4,738
closing credit¹
229 Sowder Ln London, KY 40741
Property details
About 229 Sowder Ln
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
Highlights
Summary
- MLS Number: 25000905
- Office Name: Freeman Brothers Realty LLC
- Office Phone: (606) 620-9093
- Office Email: realty@freemanbrothersproperties.com
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 9:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$399,000
229 Sowder Ln
$4,738
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $22,000 | $174 |
| 2021 | $22,000 | $181 |
| 2020 | $22,000 | $- |
| 2019 | $22,000 | $183 |
| 2018 | $22,000 | $183 |
| 2017 | $22,000 | $182 |
History based on county public records data.
Nearby schools
10
London Elementary School
Public District PK-5
1.1 mi
•600 N Main St
10
Sublimity Elementary School
Public District PK-5
3.3 mi
•900 Sublimity School Rd
8
Johnson Elementary School
Public District PK-5
3.5 mi
•1781 McWhorter Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,093. The majority of London, KY residents have income less than $<35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Extreme Sports
NASCAR
Where do the neighbors shop?
Kmart
Academy Sports & Outdoors
Dollar General
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Cracker Barrel
What do the neighbors drive?
Buick
Chevrolet
Ram
What do the neighbors listen to?
Oldies
Country- Classic Country
This home is located at 229 Sowder Ln in London, KY and zip code 40741. Features: 14 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since January 19, 2025 and is currently priced at $399,000.
Over 3 listings were sold over their listed price in December 2024 in London, KY. In the same period over 19 listings were sold below the listed price and 7 listings were sold for the listed price. The number of listings in London, KY increased by 5.7% between November and December 2024. Listings spent 54 days on the market in December 2024, and had a median list price of $224,012 during the same period.