This duplex is zoned C1, however the utilities are NOT separately metered, is conveniently located near the University, Churchill Downs and Downtown Louisville. This property has been a great income producer for the seller and was remodeled in the last 5 years prior to current tenant move in. Both units are currently rented until Sept 2022 for $1,300/ month, tenant pays all utilities, and another lease extension is in talks with the tenant/landlord. Upstairs unit is a 3 bed 1 bath unit while the lower unit is a 1 bed 1 bath. The properties NOI is $13,126 and the CAP rate at our asking price is 14.5% which is a great value.
What's Nearby?
Restaurants
- Hammerheads (2.56 mi)1363 reviews
- The Eagle Louisville (3.26 mi)1624 reviews
- Copper & Kings Rooftop Bar & Restaurant (3.79 mi)132 reviews
- Toasty's Tavern (1.98 mi)172 reviews
- Perso (2.12 mi)70 reviews
- North of Bourbon (2.02 mi)176 reviews
Coffee Shops
- Sunergos Coffee (1.21 mi)211 reviews
- Old Louisville Coffee Co-op (1.64 mi)39 reviews
- Phalcha (2.31 mi)6 reviews
- Sunergos Coffee (1.93 mi)134 reviews
- Haraz Coffee House (3.08 mi)37 reviews
- North Lime Coffee & Donuts (1.71 mi)202 reviews
Grocery
- Kroger (0.52 mi)51 reviews
- Frank's Meat & Produce (1.95 mi)160 reviews
- Thang-Long (2.18 mi)6 reviews
- Kroger (2.23 mi)54 reviews
- Kroger (0.99 mi)7 reviews
- ALDI (2.12 mi)30 reviews
Education
- University of Louisville (0.49 mi)15 reviews
- Valiant Christian Academy (4.77 mi)3 reviews
- Youth Performing Arts School (1.11 mi)2 reviews
- Sullivan University (5.17 mi)5 reviews
- Louisville Beauty Academy (3.14 mi)5 reviews
- De Sales High School (3.28 mi)1 reviews
Park
- Don Fightmaster Playground (0.79 mi)2 reviews
- Cherokee Park (3.57 mi)152 reviews
- The Witches Tree (0.42 mi)8 reviews
- Waverly Park (6.08 mi)5 reviews
- Big Rock Park (4.74 mi)16 reviews
- Door To Nowhere (4.36 mi)45 reviews