Location

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Louisville, KY 40211

Details

• Type: Single Family
• Bedrooms: 4
• Bathrooms: 3
• Square Feet: 3222
• Total Units: 3

Description

Triplex: 3,222 sqft - three units – 2/1 – 1/1 – 1/1.(POTENTIAL 4th Unit)

ARV: $225K–$250K (depending on finishes)

Seller Finance Terms

-Down: $25k Entry Fee

-Repairs: $90K +(required before cash flow)

-Seller-Financed: $90K @ 6%, 20-yr amortization, 7-year balloon

-Monthly P&I: ~$645

Condition:

-It's down to the studs. Framing Completed.

-Hardwood flood throughout

-Floor plans have been drawn up and will be made available upon request.

-Structural and foundation are in good shape.

-HVAC/water heaters needed.

-Some pvc installed.

-Vinyl Windows throughout

-Electrical: 3 meters. Needs updated throughout.

•Rent after rehab: $2,600+/month

Rent comps average $850–$900 for 1BR and $950-$1,000 for 2BR units.