1429 Morton AveLouisville, KY 40204

Description

TURNKEY INVESTMENT OPPORTUNITY IN THE HEART OF THE HIGHLANDS! Beautifully remodeled duplex offering 2,252 square feet of updated living space in one of Louisville's most desirable neighborhoods! Priced at $469,900, this income-producing property generates $3,100 in monthly rental income ($37,200 annually), with reported annual operating expenses of just $6,350. That's an estimated Net Operating Income (NOI) of $30,850 and an attractive 6.57% CAP RATE! Extensively renovated and move-in ready, this duplex offers two separate residential units, making it an excellent opportunity for investors seeking immediate rental income or owner-occupants looking to live in one unit while generating income from the other. Located in the vibrant Highlands neighborhood, residents enjoy convenient access to popular restaurants, boutiques, coffee shops, nightlife, parks, and entertainment. Just minutes from downtown Louisville and UofL! PRIME LOCATION + EXTENSIVE RENOVATIONS + ESTABLISHED RENTAL INCOME! A fantastic opportunity to own an income-producing property in the Highlands. See attached improvements for extensive remodel performed on this property. Schedule your private showing today!

Property Information

Property type

Residential Income

Sub-type

Duplex

Style

Traditional

Year built

1900

Living area

2,252 Sq Ft

Lot size

0.08 acres

Lot dimensions

32.5X100

Parking spaces

1

Days on market

7

MLS^® Listing#

1731542

Property Features

Cooling

Central Air

Heating

Forced Air · Natural Gas

Patio

Deck · Porch

Construction

Vinyl Siding · Frame

Roof

Shingle

Utilities

Natural Gas Available · Electricity Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

09027A01230000

Directions

Bardstown Rd to Baxter Ave; left onto Morton Ave; building is on the right