LOUISVILLE, KY 40211

A vacant, 3,024-square-foot multifamily opportunity with a stated after-repair value of $265,000 and an estimated moderate-rehab scope creates a clear value-add thesis. The property offers four bedrooms, two baths, a nearly 8,000-square-foot lot, and distinctive 11-foot ceilings—useful fundamentals for an investor pursuing a substantial renovation and repositioning strategy.

The Numbers:• After-repair value: $265,000, establishing the stated upside target after improvements.• Estimated repairs: $30,000–$70,000, indicating a manageable but meaningful renovation scope.• Comparable sales: $229,000 and $190,000, providing market support for the valuation range.• Earnest money requirement: $3,000 minimum.

Property Details:• Multifamily configuration with 4 bedrooms and 2 baths across 3,024 square feet.• Vacant at the time of reporting, allowing an investor to plan the renovation without an existing occupancy situation.• Built in 1906 and described as needing moderate rehabilitation and updating; the repair budget should be validated during due diligence.• 11-foot ceilings add architectural character and potential appeal after renovation.• Slab foundation; foundation condition, roof age, HVAC, heating system, and parking details are unknown and warrant inspection.• The combination of large interior volume, multifamily utility, vacancy, and a defined ARV supports a renovation-focused investment strategy, subject to confirming property condition, final scope, and comparable applicability.