Newly Renovated Single Family Rental in Louisville, Kentucky

This single-family rental with 3 beds and 2 baths is located close to Dixie Crossings (1.5 miles), Dixie Manor Shopping Center (1.5 miles), and Incarnation Catholic Church (1.5 miles).

The home sits on 0.25 acres with a total interior space of 821 square feet. The property was originally built in 1967 and was renovated in 2022, and includes a large updated bathroom, granite countertops, stainless steel appliances, a new roof (installed in May 2022), an updated kitchen, and a new HVAC system (replaced in 2018) and furnace (replaced in 2017).

Local schools include Western High School (0.3 mi) with a 1/10 rating, Farnsley Middle School (1.2 mi) with a 4/10 rating, and Carter Traditional Elementary (5.2 mi) with a 5/10 rating. Nearby colleges include Jefferson Community & Technical (5.6 mi) and the University of Louisville (7.3 mi).

The largest employers in the area include Kroger (6.2 mi), UPS (8.2 mi), and Ford Motor Company (9.9 mi).

The business plan would be classified as a long-term hold strategy which in this case means maximizing profits by keeping occupancy stable and increasing rents over time.

5 Highlights about this deal:

1. The property was acquired for $160,122 vs. a Zillow Zestimate of $168,400 (Nov 2022)

2. The goal is to rent the unit for $1,310 which is below the median rent of $1,525

3. Louisville is the 29th-most populated city in the US and the largest city in Kentucky

4. The city has been ranked as a top metro area for economic development with its GDP growing by 37% over the past ten years.

5. The neighborhood has a ‘B’ rating on Niche.