Residential in Louisville

$224,900

611 Finzer, 40203, Louisville, KY

Residential for sale in Louisville, 611 Finzer, 40203, 1387 m²

611 Finzer, 40203, Louisville, KY

$224,900

2Bed
1Bath
1387
Type: Residential

Description

PRICE IMPROVEMENT! Turnkey STR investment opportunity now offered at $224, 900. Motivated sellers are ready to review offers. Fully furnished and grandfathered for short-term rental use, 611 Finzer St offers a rare opportunity to acquire an income-producing Airbnb with no CUP required. Zoned OR-2, the property may continue operating as a short-term rental with buyer registration through Louisville Metro within 30 days of closing. Configured as a 2BR with a non-conforming third room currently used as a bedroom, the home functions as a 3BR with increased revenue potential. Based on AirDNA projections, the property is expected to generate approximately $47, 300 in annual gross revenue | 60% occupancy | $215 ADR | $27, 030 projected NOI | 12.0% projected cap rate | 1.91 projected DSCR (based on 75% LTV, 7.5% interest, 30-year amortization). Estimated operating expenses of approximately $20, 270 annually include taxes, insurance, utilities, landscaping, maintenance reserves, and cleaning. Sold fully furnished, this is a true plug-and-play investment for an Airbnb, furnished rental, or hybrid personal-use property. Grandfathered STR status, strong projected cash flow, and the recent price improvement create a compelling opportunity for investors seeking immediate income potential. Self-managed pro forma available under listing documents.

Location

611 Finzer, 40203, Louisville, KY

Data

Object TypeResidential
Purchase Price$224,900
Living Space1387 m²
Plot Size258.18 m²
Bathrooms1
Construction Year1900
ConditionNot specified
Rooms8

Energy Information

Heating TypeForced Air
Primary Energy SourceN/A
Construction Year1900
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent