611 Finzer St, Louisville, KY 40203
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
611 Finzer St,Louisville, KY 40203
$224,900
- 2 Beds
- 1 Baths
- 1,387 sq. ft.
- Single family
- Active
Listed by: jonathan d klunk
Office: exp realty llc.
MLS#:1721338
Source:KY_MSMLS
Price summary
- Price:$224,900
- Price per sq. ft.:$174.75
About this home
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....
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Home facts
- Year built:1900
- Subdivision & Development:SMOKETOWN
- Listing ID #:1721338
- Added:45 day(s) ago
- Updated:August 08, 2026 at 03:24 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:8
- Basement:Yes
- Basement Description:Cellar
- Living area:1,387 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:FORCED AIR
- Central air:Yes
Structure and exterior
- Year built:1900
- Building area:1,387 sq. ft.
- Lot area:0.06 Acres
- Lot Features:Level
- Architectural Style:Traditional
- Construction Materials:Vinyl siding, Wood Frame
- Exterior Features:Patio, Porch
- Foundation Description:Concrete Block, Crawl Space
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$224,900
- Price per sq. ft.:$174.75
Parking
- Parking description:Entry Rear
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