2506 W Jefferson St,Louisville, KY 40212
Louisville, KY 40212
Description
Investor special with multiple exit strategies and serious upside potential. This large 2-story property sits on a deep lot with rear alley access and offers the opportunity to create strong cash flow or a spacious single-family home. Currently configured as a duplex with separate first and second floor units, the property could remain as two 2-bedroom, 1-bath apartments or be converted back into its original single-family layout. For investors looking to maximize rental income, area rents for renovated 2-bedroom apartments average approximately $1,000 per month per unit. Another attractive option is transforming the property into a large 5-bedroom, 2-bath single-family home with generous room sizes and strong rental demand. Market rents for comparable 5-bedroom homes are around $1,600 per month, with Section 8 rates potentially exceeding $2,000 per month. The home will require a full renovation including major repairs, updates, and layout modifications, making this a true project property for experienced investors, flippers, or landlords looking to build equity. After repair value to be approximately $200,000. Rare opportunity with flexible investment potential and rear alley access, offering ample room for parking or future improvements. Sold as-is.
Details
| MLS # | 1720175 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1900 |
| Days On Site | 118 |
| Listing Provided By | simpler.realestate | Alex Parker |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,948 |
| Story(s) | 2 |
| Acreage | 0.12 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40212 |
| Area | 01 Dtwn Old Louisville | Shively | West Lou |
| Community Name | RUSSELL |
| Listing VS Median (in RUSSELL) | |
Price: $19,000 low | high Med: $145,000 sqft: 1,948 low | high Med: 1,376 $ / sqft: $10 low | high Med: $105 On site: 118 low | high Med: 238 | |
Market Activity 40212
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Learn More About This Property
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40212 |
| Area | 01 Dtwn Old Louisville | Shively | West Lou |
| Community Name | RUSSELL |
| Listing VS Median (in RUSSELL) | |
Price: $19,000 low | high Med: $145,000 sqft: 1,948 low | high Med: 1,376 $ / sqft: $10 low | high Med: $105 On site: 118 low | high Med: 238 | |
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