$11,000 for a 2 Bed / 1 Bath in Louisville, amazing opportunity!

Jefferson County, Louisville, KY, 40211
Sold
Listed at: June 13th, 2023
Price
$11,000
ARV
$65,000
Gross Margin
$54,000
Sq. Footage
728
Type
Single-Family
Parking
Driveway
Year build
1954
Lot size
5698.00 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

2306 S 37th St Louisville, KY 40211

This 1954 built, 2 bed / 1 bath property in Louisville, KY, makes sense for any flipper or rental investor, even in today's changing real estate market. Prime location in Louisville!

Financials:

ARV: $65,000

Purchase Price: $11,000

Profit Details:

$65,000 ARV

(*) 94% for sale commissions

(-) $11,000 purchase price

(-) $30,000 rehab budget

(-) $3,000 closing / holding cost

(=) $17,100 profit

Rental Profit Details:

$865 monthly market rents

(-) $35 monthly tax

(-) $70 monthly insurance

(-) $86 property management

(-) $86 allocation for repairs, vacancy, etc

(=) $588 net monthly cash flow

Property Details:

2 Beds / 1 Bath

1956 Year Build

728 Home Square Feet

5,698 Lot Size

July 7th, 2023 Closing

Vacant at close

Padua Partners Acquisitions assumes no liability for the accuracy of any estimates or information provided. End buyers must conduct own due diligence. The property is to be sold as-is. Proof of funds is required. Cash or hard money only. End buyer pays all closing costs and fees associated with this transaction. $5,000 Non-Refundable EMD needed to secure the contract.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Samuel Wooten

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