Class-A Quadplex in Louisville

Incredible opportunity to own a Cherokee Triangle 4-plex that offers convenience and accessibility to everything the area has to offer. Situated on an oversized corner lot in one of the most desired areas of the city, this property presents a rare investment opportunity for an owner occupant to ''house hack'', or a seasoned investor to add an A-class property to their portfolio. The exterior has been professionally repainted to preserve the character and charm of the home. The main level has two, one bedroom one bath units with classic details, with an expansive covered front porch and rear deck for relaxing. A shared laundry is located on the first level. The second level contains two turn key, updated, one bedroom one bath units.

The roof is only five years old, and the property includes a large attic space that could be finished and converted to additional living quarters. On the other side of the expansive backyard sits a detached garage providing great potential for additional income through storage rental and/or converting to additional dwelling units (ADU's), as several nearby properties appear to have already done. Currently two units (1&3) are being left vacant for showings, and two are occupied with long-term tenants. Unit 3 was recently renovated and furnished and is being used as a mid-term rental. Unit 1 needs some updates but has tons of potential (see pictures with virtual staging), and would be great for an owner-occupant. All units are separately metered for gas and electric. Landlord pays for the water.

Location:

1319 Willow Ave, Louisville, KY 40204