2506 W Jefferson St, Louisville, KY 40212

$19,000
: 4
BD
: 2
BA
: 1,948
SqFt

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List Price: $19,000
Price Change: ▼ $11,000 1782845909
MLS#: 1720175
Status: ACTIVE UNDER CONTRACT
Type: Single Family Residential
City: Louisville
Area: 1 - Downtown / Old & West Louisville / Shively
County: Jefferson
Bedrooms: 4
Bathrooms: 2
Living Area: 1,948
Lot Size: 5,200
Year Built: 1900

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Property Description

Investor special with multiple exit strategies and serious upside potential. This large 2-story property sits on a deep lot with rear alley access and offers the opportunity to create strong cash flow or a spacious single-family home. Currently configured as a duplex with separate first and second floor units, the property could remain as two 2-bedroom, 1-bath apartments or be converted back into its original single-family layout. For investors looking to maximize rental income, area rents for renovated 2-bedroom apartments average approximately $1,000 per month per unit. Another attractive option is transforming the property into a large 5-bedroom, 2-bath single-family home with generous room sizes and strong rental demand. Market rents for comparable 5-bedroom homes are around $1,600 per month, with Section 8 rates potentially exceeding $2,000 per month. The home will require a full renovation including major repairs, updates, and layout modifications, making this a true project property for experienced investors, flippers, or landlords looking to build equity. After repair value to be approximately $200,000. Rare opportunity with flexible investment potential and rear alley access, offering ample room for parking or future improvements. Sold as-is.

502-839-7409

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