$93,000
$94,999
2.1%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
1,010 SqFt
SOLD DATE : 11/01/2024
Key Details
Sold Price $93,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,010 sqft
Price per Sqft $92
MLS Listing ID 1669678
Sold Date 11/01/24
Bedrooms 3
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 1,010
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1997
Lot Size 3,484 Sqft
Acres 0.08
Property Description
Prime Investment Opportunity - 2505 Magazine St | 3BD/1BA | Over 1,000 Sq Ft
This 3-bedroom, 1-bath home offers over 1,000 sq ft of living space and is an ideal investment for those looking to maximize rental income. Located in a rapidly growing area, this property has strong potential for Section 8 tenants, with fair market rent significantly above the 1% rule for similar homes. Priced to sell at just $95,000, this is an excellent opportunity to secure a high-performing asset with strong cash flow.
Key Features:
-Over 1,000 sq ft of well-maintained living space
-Section 8 potential with fair market rents offering excellent income opportunities
-Easily meets the 1% rule, ensuring a solid return on investment
-Priced competitively at $95,000, making it an attractive option for investors
Whether you're an investor looking to expand your portfolio or a buyer searching for an affordable property with great growth potential, this home offers everything you need. Act fastthis opportunity won't be on the market for long!
Location
State KY
County Jefferson
Direction Jefferson to left on 22nd; right on Magazine
Rooms
Basement None
Interior
Fireplace No
Exterior
Garage Off-Street Parking, Entry Rear, Driveway
Fence Partial
View Y/N No
Roof Type Shingle
Garage No
Building
Story 1
Foundation Crawl Space
Structure Type Wood Frame,Vinyl Siding
Schools
School District Jefferson
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