90
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$469,900
Est. payment /mo
3 Beds
2 Baths
2,252 SqFt
New
1429 Morton Ave Louisville, KY 40204
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,252 sqft
Price per Sqft $208
MLS Listing ID 1731542
Style Traditional
Bedrooms 3
HOA Y/N No
Abv Grd Liv Area 2,252
Year Built 1900
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Duplex
Source APEX MLS (Greater Louisville Association of REALTORS®)
Land Area 2252
Property 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!
Location
State KY
County Jefferson
Direction Bardstown Rd to Baxter Ave; left onto Morton Ave; building is on the right
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Exterior Feature See Remarks
View Y/N No
Roof Type Shingle
Porch Deck, Porch
Garage No
Building
Lot Description Sidewalk
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Vinyl Siding,Wood Frame
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Listed by Caperton Realty
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