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Sold about 4 years ago

$150,000

2 bd 2 ba 1505 sqft

Louisville, KY 40215

Residential SFR

Current Rent **

N/A

Projected Rent **

$1,650

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

Turn key DUPLEX in Louisville with great cashflow

Investment opportunity in the Southend! This updated duplex in the red hot Wyandotte neighborhood is just South of Churchill Downs, UofL, I-264 access, and Downtown Louisville. Both units boast 750 square feet of living space, 1 bedroom, and 1 bathroom - with a bonus loft space that could act as a 2nd bedroom in the left side unit. Sellers were leasing the left-side unit at $850/month (tenant pays LGE/water) but ended the lease in order to deliver the property vacant. The right unit is vacant and ready to rent at a market rent of $750-800/month. Along with the carport and covered garage space - this property also has a gravel parking strip along the left side that fits 4 cars. PLENTY of off-street parking. This one easily makes the 1% rule - come check it out before it's gone!

https://my.flexmls.com/SamHeine/search/listing_categories/Active/listings/20220926162326878006000000

Location:

Louisville, KY 40215

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.