Great Value: Kentucky Duplex Project in Louisville's 40210

Description

I’m reaching out to share an opportunity: a duplex with significant upside potential. This property, designed with an upper and lower unit, has a solid foundation for an investor looking to complete a renovation project.

Property Overview:

Structure: The building is a duplex with a straightforward, no-nonsense design. It’s built from cinder block, promising durability and low exterior maintenance post-renovation.
Roof: A new roof has already been installed by the previous investor, who started renovations but did not complete them.
Unit Details:

Downstairs Unit: Completely gutted and reframed, with some electrical and plumbing work started. It’s set up as a two-bedroom, one-bathroom unit but has the space to reconfigure into a three-bedroom if needed.
Upstairs Unit: Currently a 2-1. Needs selective gutting but retains some areas that can be preserved, offering a mix of renovation and salvage opportunities. Or could possibly go for a larger reno/reconfiguration and transform the upstiars into a 3-1
Key Points:

Electricity: Each unit has its own meter, simplifying utility management.
Parking: The property lacks off-street parking, a factor to consider in your project planning.
Potential: The clear and simple layout, combined with the work already started, sets the stage for a straightforward renovation project.
Opportunity: This property offers a clear path for development. With some units already gutted and others partially so, it’s a manageable project for an experienced investor. The duplex’s design and existing condition make for a predictable renovation process.

This is a solid opportunity for someone ready to take on a project with a clear scope of work.