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!
Sold for $93,000 on 11/01/24
$93,000
2505 Magazine St, Louisville, KY 40211
3beds
1,010sqft
Single Family Residence
Built in 1997
3,484.8 Square Feet Lot
$95,600 Zestimate®
$92/sqft
$1,314 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: January 27, 2025 at 04:16am
Listed by:
Desmond Martin 502-553-3296,
Martin Elite Realty Company
Bought with:
Desmond Martin, 276420
Martin Elite Realty Company
Source: GLARMLS,MLS#: 1669678
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Level: First
Bedroom
- Level: First
Bedroom
- Level: First
Primary bathroom
- Level: First
Kitchen
- Level: First
Laundry
- Level: First
Living room
- Level: First
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,010
- Total interior livable area: 1,010 sqft
- Finished area above ground: 1,010
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street, Entry Rear, Driveway
- Has uncovered spaces: Yes
Features
- Stories: 1
- Fencing: Partial
Lot
- Size: 3,484 sqft
Details
- Parcel number: 001B00260000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Frame
- Foundation: Crawl Space
- Roof: Shingle
Condition
- Year built: 1997
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Louisville
- Subdivision: None
HOA & financial
HOA
- Has HOA: No