1921 Frankfort Ave, Louisville, KY 40206

Unique Investment Opportunity in a Louisville Historic Landmark District This triplex is ideal for both the savvy investor and owner-occupants looking to offset a mortgage with rental income. The property blends historic charm with modern updates and features: Inlaid hardwood floors, 10-ft ceilings, updated kitchens and bathrooms, in-unit laundry, seperate gas and electric meters for each unit and private off street parking in addition to on street parking. The building consists of a first-floor unit (2 bed / 1 bath) currently vacant and available for immediate viewing (after a tenant of 5yrs). The second-floor unit (2 bed / 1 bath) and a third-floor unit (1 bed / 1 bath) both occupied entering the 3rd year in renewals. When fully occupied, the property generate $3,660 per month in rental income. The building underwent a comprehensive renovation in 2012, including refinished hardwood floors, new plumbing, electric, and HVAC systems. Recent improvements include new gutters, … read more …