1429 Morton Ave,Louisville, KY 40204
Louisville, KY 40204
Description
TURNKEY INVESTMENT OPPORTUNITY IN THE HEART OF THE HIGHLANDS! Beautifully remodeled duplex offering 2,252 square feet of updated living space in one of Louisville's most desirable neighborhoods! Priced at $469,900, this income-producing property generates $3,100 in monthly rental income ($37,200 annually), with reported annual operating expenses of just $6,350. That's an estimated Net Operating Income (NOI) of $30,850 and an attractive 6.57% CAP RATE! Extensively renovated and move-in ready, this duplex offers two separate residential units, making it an excellent opportunity for investors seeking immediate rental income or owner-occupants looking to live in one unit while generating income from the other. Located in the vibrant Highlands neighborhood, residents enjoy convenient access to popular restaurants, boutiques, coffee shops, nightlife, parks, and entertainment. Just minutes from downtown Louisville and UofL! PRIME LOCATION + EXTENSIVE RENOVATIONS + ESTABLISHED RENTAL INCOME! A fantastic opportunity to own an income-producing property in the Highlands. See attached improvements for extensive remodel performed on this property. Schedule your private showing today!
Details
| MLS # | 1731542 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 14 |
| Listing Provided By | Caperton Realty | Deborah Kaufman |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 |
| SQ Feet | 2,252 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.08 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40204 |
| Area | 02 Butchertwn | Hghlnds | Germantwn |
| Listing VS Median (in 40204) | |
Price: $469,900 low | high Med: $312,999 sqft: 2,252 low | high Med: 1,389 $ / sqft: $209 low | high Med: $225 On site: 14 low | high Med: 26 | |
Market Activity 40204
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Learn More About This Property
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40204 |
| Area | 02 Butchertwn | Hghlnds | Germantwn |
| Listing VS Median (in 40204) | |
Price: $469,900 low | high Med: $312,999 sqft: 2,252 low | high Med: 1,389 $ / sqft: $209 low | high Med: $225 On site: 14 low | high Med: 26 | |
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