411 M St Louisville, KY 40208

This duplex is zoned C1, however the utilities are NOT separately metered, is conveniently located near the University, Churchill Downs and Downtown Louisville. This property has been a great income producer for the seller and was remodeled in the last 5 years prior to current tenant move in. Both units are currently rented until Sept 2022 for $1,300/ month, tenant pays all utilities, and another lease extension is in talks with the tenant/landlord. Upstairs unit is a 3 bed 1 bath unit while the lower unit is a 1 bed 1 bath. The properties NOI is $13,126 and the CAP rate at our asking price is 14.5% which is a great value. Landlord is communicating with the tenant about access and availability to view so we may do an open house to help limit the daily showings to a one time walkthrough next week. Call me today if you have any questions or are interested in pursuing this income producing property.