It Only Takes Vision

Asking $105,000.00 or best offer

Streamline Realty is representing Rapid Fire Investments who is selling their assignable purchase contract on the property below:

1031 South 28th Street, Louisville, Kentucky, 40211, United States


Zillow
Photos

To  get more info, set up a viewing, or submit an offer please contact Andy at 859-605-3273 or email andy@streamlineky.com 

Details:

  • 6bd/4ba with 3480 sqft
  • Built in 1890
  • Tenant Occupied
  • Closing on or before 06/15/24
  • Market Rent: $3,200.00
  • Current Rent: $150.00
  • Zoned C-1 building with 6 total rooms rented weekly + shop or retail space

ARV is $250,000 based on the following comps:

  • 428 West Oak St is a 3/3 duplex with 2084 sqft that sold for $208,000 on 4/11/2024
  • 714 Hazel St is a 4/4 apartmets with 2838 sqft that sold for $205,000 on 6/27/2023
  • 698 Madelon Ct is a 4/4 apartments with 2916 sqft that sold for $238,000 on 9/29/2023

Repairs:

 Roof: Good / no leaks (2021)

HVAC: Central heat and air (2017)

Flooring: Hardwood (Unfinished downstairs commercial space)

Kitchen: Outdated, Kitchen is rarely used by the tenants. Each room has their own fridge

Bathroom: Needs update (2 Upstairs shared/ 2 downstairs)

Windows: Vinyl, decent shape. could replace

Foundation: No known issues, buyer due diligence

Other: Comes with 3 washers and dryers w/ card pay system. Billboard owned, rented $250/yr

To  get more info, set up a viewing, or submit an offer please contact Andy at 859-605-3273 or email andy@streamlineky.com 

These deals move fast. If you would like to lock the property up, our client accepts sight-unseen, no-contingency cash offers.

$2,500 non-refundable deposit required for all buyers.

Realtors, add your fee (whatever you like) and bring us a
buyer!

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Risk Acknowledgement: Real estate investing involves substantial risks. Each investor should carefully consider the risk factors and conduct their own due diligence before investing.
Forward-Looking Statements: Statements shown, and on any websites may contain forward-looking statements based on our current expectations, plans, estimates, assumptions, and beliefs that involve numerous risks and uncertainties. Actual results and performance could differ materially from those set forth in this current statement.
Financial Projections: Any financial projections, values, or returns shown on this email are illustrative examples only, and are non-binding. There can be no assurance that any real estate valuations or estimates provided are accurate or in agreement with market or industry valuations.
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