40215 zip code Louisville, KY??????

Question

Rob Bergeron · Answer

With sports gambling potentially becoming legal I am really like the play around Churchhill Downs. My clients have also had a lot of success when the track is open. They are bringing in $4,000 a month and the property was only $40k.

Dustin Darnall · Answer

I lived off Whitney Ave for 7 years (left in 2013) and I agree with Greg Smith that it depends on the area. During my time there..mostly undergrad and throughout grad school...my house was broken into, vehicle vandalized, and frequent issues with neighbors. I wouldn't exclude purchasing in the entire Zip, but I personally would avoid the Wyandotte area.

David Heath · Answer

I have properties above the Waterson in Shivley, 40216. Nice neighborhoods.

Greg Smith · Answer

I don’t have property there but am pretty familiar with the area.  Beechmont and the Southern Pky area are desirable and up and coming (maybe already here and past) but much of that area has lots of drugs and seems to be trending downward.  Cloverleaf (that might be 40216) was a great working class neighborhood 10 years ago but as the old oo’s die off, it has slowly been going downhill.  Fern creek, okalona and j-town get better tenants and have more potential for appreciation in my opinion.  But that’s why you’re getting better cap rates I guess.

Pavel Reyes Valdes · Answer

I used to live there and currently own a rental property in the area. I have also sold properties to clients. I get $800 for a 2 bedroom with basement that I bought for 49k back in 2014. U know I could get a little but more, but my tenants are into their 2nd year lease and is working fine for me so far. I don't have any problem owning property or visiting the area.

Jay Leisten · Answer

I have several properties in 40208 mostly and 40214. I havent ventured into 40215, but mostly its because we cant get the right margin to BRRR.

40215 zip code Louisville, KY??????

Most Popular Reply