305 Oak St, Ludlow, KY 41016

5 Bedrooms / 3 Baths / Multiple Family

For Sale: $9,000.00

Available (Wholesale)

Contact Info

Intellectual Properties, LLC
 (859) 935-1991

View On Property Owner's Website

$9,000 down, $586 per month, 120 payments

The 3 units in this rental generate $1330 per month. The unit on the second floor needs the most attention. YOU COULD REHAB THE UNIT WHILE COLLECTING $500 PER MONTH. The tenant has never lived there as she uses the address so her children can attend Ludlow schools. She also stores stuff there. However, things could be moved while you do repairs. The repairs are more than cosmetic and I wouldn’t rush it as her kids are just now freshmen in high school. She is expected to be there for another 2 or 3 years. The back unit needs some minor attention, and the one in the front only needs a piece of carpet for the front living room. This guy cuts the grass and takes care of any exterior maintenance.

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