Our beautiful city of Louisville, Kentucky (and surrounding areas) has incredible opportunities for investing, with rental rates allowing for cash flowing properties, both SFR and Multifamily.
Here are some of the properties I own myself and have helped clients purchase as investments.
708 Inverness Ave
2 bed, 1 bath (kind of 1.5 bedroom) Purchase price $112,000
$2000 credit paid by seller at closing
Placed tenant - 50+ applications
PITI payment $703
Rented for $950 on 1-year lease, now MTM - tenant currently at 1.5 years
Tenant pays all utilities and lawncare, no smoking per lease
CapEx: Main sewer line repair $2500; minor roofing/gutter repair $450, Furnace repair $385
Rapidly appreciating area: Current market value $125,000
419 E Ormsby Ave
Client purchased as personal residence in July 2020
2 bed, 1 bath
Purchase price $168,000 FHA
$3,500 credit paid by seller at closing
Seller relocated for work in 2021 and kept as a rental
PITI payment $958
Rented for $1300, tenant pays all utilities and lawncare
Rapidly appreciating area: Current market value $205,000
214 Rochester Drive
Client purchased as investment in 2022
Purchased as 3 bed, 1 bath; now 3 bed 2 bath after client renovations
Purchase price $120,000
$6800 credit paid by seller at closing
$38,000 in renovations paid for in cash by owner prior to placing tenant
replaced electrical panel
replaced AC
Refinished original hardwood floors on first floor
completely remodeled kitchen and first floor bath
Second floor: added full bath and walk-in closet to create primary suite
PITI payment $709
Rented for $1400, Tenants pay all utilities and lawncare
Lease renewed 3/15/2024
Rapidly appreciating area: Current market value $200,000
824 S Hancock St.
Client purchased as investment in April 2021
3 bed, 1 bath
Purchase price $118,000
$3,500 credit paid by seller at closing
Rented for $1100, Tenants paid all utilities and lawncare
CapEx: Installed AC unit, installed tankless hot water heater, new fridge, cleared trees in rear yard and laid gravel to add parking off back alley
Client sold for personal reasons in July 2023: Property received multiple offers, sales price $171,000
4912 S 5th Street
4912 S 5th Street
Client purchased as investment in September 2021
2 bed, 1 bath
Purchase price $100,000
$3,000 credit paid by seller at closing
CapEx: Remodeled bathroom
Rented for $1000, 2+ year tenant - tenant pays all utilities and lawncare
Rapidly appreciating area: Current market value $140,000
2607 Delor Avenue
2607 Delor Avenue
Client purchased as investment in April 2024
3 bed, 2 full bath + finished basement
Purchase price $270,000
$1500 credit paid by seller at closing
CapEx: Install privacy fence on rear and right sides of backyard, chimney repairs
Will eventually add egress window to basement room to create 4th bedroom
Will rent for at least $2200/mo
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