4928 S 3rd St, Louisville, KY 40214 | MLS# 1669854

Description

**SHOWING: Saturday September 7, 2024 from 11-1pm**

Welcome to 4928 S 3rd, a townhouse-style duplex perfect for investors or those looking to live in one unit and rent out the other. Each unit offers about 1,200 sq ft of living space, featuring 2 bedrooms and 1.5 baths. The property comes with a detached garage and convenient in-unit washers and dryers for both sides.

Property Highlights:
-Tenant pays all utilities
– Total of 2 units, each 1,200 sq ft
– 2 bedrooms and 1.5 baths per unit
– Detached garage
– In-unit washer and dryer in both units
– Newer HVAC system in one unit (6 years old); older but functional unit in the other
– Currently tenant-occupied with month-to-month leases
– Rent potential of $1,200-$1,300/month, significantly higher than current rents of $800-$850/month due to pre-COVID grandfathering
Note:
– The roof is older (20+ years), and 1,200 sq ft of carpeting in both units needs replacement
– One tenant is scheduled to move out by October 1st

With great rental potential and a prime location, this property offers excellent income opportunities with a little TLC. Don’t miss out on this value-add investment!

***Please DO NOT visit the property outside of the showing ***