400 N 26th St, Louisville, KY 40212
Multiple Family / 10 Bedroom(s) / 4 Bath(s)
Property Status: For Sale | $90,000.00 |
DUPLEX - up and down Possible co-living rent by room or group home
Property Status:
For Sale | $90,000.00
Property Details:
Multiple Family / 10 BR / 4 BA
Property Style:
DuplexYear Built:
1905Basement:
Unfinished BasementOwner / Agent:
Individual Owner
Property Features:
Porch
Large backyard with alley access
Property Description:
Home with stud walls exposed
Upstairs expanded to match footprint of main level -- was 2287 sq ft
Possible 5 bedrooms on each level
Duplex zoned but in neighborhood overlay targeted by Lousiville KY for increased investment
Active rejuvenating neighborhood 1 block north including co-living / shared housing concepts.
Needs total build out from the studs
Needs exterior siding
Street parking but also access from the alley to private back yard.
Walkable to 3 bus routes
BUDGET estimate renovation $100K+ depending on your sweat equity and management of subcontractors
ARV - based on income approach and exit strategies whether co-living or group home
Group home: Gross $800/room/month x 10 =$8000/mo $8000/mo x 12 = $72,000 / year
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