Property Description:

This is a multi-family package deal which includes a single family home that has 2 beds 1 bath currently rented at $750. A duplex which is located a quarter mile away from Churchill Downs that is well structured and cash flowing. It’s a two story building with units on the top and bottom floors. The units are both 2 bedroom 1 bath and both currently rented at $800 and $750 a month. Both are on month to month lease terms. This duplex is zoned C1 and can be used as both a commercial business or as a residential dwelling. Directly beside the duplex is an empty 3,746 sqft lot of vacant land that can also be used for both residential and commercial as well. The triplex is located in the Beechmont neighborhood. Its been separated into a 2 bedroom 1 bath spacious main floor rented at $950, a 1 bedroom 1 bath on the bottom floor rented at $600, and an efficiency apartment upstairs on the third level rented at $550. All units currently have month to month leases in place, share water and electric, and is to be paid by the owner. Units are to be sold as-is with mostly cosmetic repairs and updates needed when ready. A water heater and one furnace replacement may be needed shortly as well. Total income combine is $5,200 with potential to reach $7,000+ with an increase to the average FMR. Total asking price is $450,000.