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Updated over 8 years ago,

User Stats

142
Posts
77
Votes
Major Robertson
  • Investor
  • Louisville, KY
77
Votes |
142
Posts

Wholesale fix and flip/rent in an appreciating area

Major Robertson
  • Investor
  • Louisville, KY
Posted

731 Iowa Ave. Louisville Ky 40208

Property is located on the best block on the street. Numerous houses have already been renovated on the block and throughout the street. This area is right next to where UofL is spending millions to expand.

  • Little less than 1k sqft.
  • 2 bed 1 bath with 1/2 bath in the full basement
  • Open and functional floor plan
  • Metal roof

If you have worked with Brett Kennedy or myself you know we are very conservative with our numbers on both ARV and repair costs. We left a minimum of 70% LTV for plenty of room for a full cash out refinance or plenty of meat on the bone for a flip.

$65k - $79k ARV depending on finishes

$20k - $25k repair costs

~$650/mo rent

$25,000 asking price

For more information or to view the property E-Mail myself at [email protected] or Brett at [email protected]

House goes to the first signed contract with a non-refundable $2,500 deposit.

Offering

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