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SimpliHŌM - Making Real Estate Simple

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$ 475,000

Est. payment | -/mo

3,106 SqFt

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$ 475,000

Est. payment | -/mo

Save Virtual Tour

3,106 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,106 sqft

Price per Sqft $152

Subdivision Butchertown

MLS Listing ID 1675999

Style Cape Cod

HOA Y/N No

Abv Grd Liv Area 1,776

Originating Board Metro Search (Greater Louisville Association of REALTORS®)

Year Built 1966

Lot Size 5,227 Sqft

Acres 0.12

Property Description

Turnkey Investment Opportunity in Shelby Park - Quadplex with Diverse Rental Income. Don't miss this chance to own a fully operational rental property in the highly desirable Shelby Park neighborhood. This quadplex offers a unique blend of steady long-term rental income and the potential for lucrative short-term rental earnings.All four units have been thoughtfully remodeled, featuring updated kitchens, bathrooms, flooring, lighting, and fresh paint. Here's what this property offers:Two Long-Term Rental Units: A studio and a two-bedroom unit, currently generating $2,000/month in reliable income. Both tenants are on month-to-month leases and pay their own electricity, while the owner covers water.Two Short-Term Rental Units: A one-bedroom and a two-bedroom unit, perfect for Airbnb or other short-term rental platforms. These units can be rented individually or together, offering flexible income opportunities. With C2 zoning, the possibilities are endlessconvert all units to short-term rentals, maintain the current mix, or explore other creative uses. Other highlights: Separately metered units. Ideal for investors or house hackers looking to offset living costs with rental income. Prime location near downtown Louisville, the Convention Center, UofL, parks, and a variety of popular bars and restaurants, ensuring strong demand and high occupancy rates. This property offers the perfect combination of stability and potential, making it a valuable addition to any portfolio. Please note: Long-term rental units will only be shown to serious buyers, and Airbnb units are often booked on weekends, so weekday showings with notice are preferred. Opportunities like this don't last longschedule your showing today!

Location

State KY

County Jefferson

Direction Eastbound on Oak Street take right past Preston, home is on the right

Interior

Heating Electric

Cooling MiniSplit/Ductless, Central Air

Exterior

Exterior Feature Porch

View Y/N No

Roof Type Flat,Shingle

Garage No

Building

Lot Description Sidewalk

Architectural Style Cape Cod

Structure Type Wood Frame,Vinyl Siding

Greater Louisville MLS (Metro Search Inc)

Listed by Homepage Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(855) 856-9466

support@simplihom.com

414 E Oak St Louisville, KY 40203

SimpliHŌM - Making Real Estate Simple

Key Details

Location

Interior

Exterior

Building

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414 E Oak St