Location

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Louisville, KY 40215

Details

• Type: Single Family
• Bedrooms: 4
• Bathrooms: 1
• Square Feet: 1391
• Total Units: 1

Description

Fully remodeled and move-in/rent-ready, this 4-bedroom, 1-bath home offers new flooring, paint, and granite countertops. With 1,391 finished square feet, this home has a professionally waterproofed finished basement with two non-conforming bedrooms and room to add a bathroom. The fenced backyard leads to an alley with a concrete parking pad and 1-car garage, which has a new garage door and an unfinished studio above it that could potentially be converted into a 1-bedroom/1-bath living space or ADU. In its current as-is configuration, the property has been rented for $1,425/month, providing immediate income potential.

For the investor or house hacker, there are multiple ways to create additional value. With an estimated $16,000–$20,000 investment, the property could potentially be converted to a conforming 4-bedroom/1-bath configuration, with additional investment offering the potential for a 5-bedroom/2-bath layout. The unfinished garage studio provides another opportunity to increase usable space or rental potential. This is an ideal property for someone looking for a house hack, BRRRR, or value-add investment without taking on a full renovation.

Located near Churchill Downs, the University of Louisville, and Kentucky Kingdom, the property offers convenient access to some of Louisville's most recognizable destinations. The real opportunity here is buying a remodeled property with proven rental income while still having multiple avenues to manufacture additional value. Message me for additional details.