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1236R Garvin Pl Louisville, KY 40203
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Key Details
Sold Price $485,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,691 sqft
Price per Sqft $180
Subdivision Old Louisville
MLS Listing ID 1611493
Sold Date 06/09/22
Style Traditional
Bedrooms 6
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 2,691
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1900
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Attention Short Term Rental Investors!
This circa 1900 Old Louisville double carriage house converted into a duplex consisting of two units with three bedrooms, two full bathrooms, and a single car garage each in 2015. The property features a beautifully lush and private garden lined with brick pavers and pea gravel pathways intersecting the courtyard. Currently the property has conditional use permitting (CUP) for Short Term Rental (STR) which conveys with transfer to the next owner. The property is listed on airbnb currently and both units have bookings through June 2022. The 2021 Gross Rental Income (GRI) totaled $55,700 (this total excludes approximately six weeks in May and June of 2021 where the property rental was not available). The 2022 GRI for bookings through June 2022 total a whopping $36,978. The property's improvements under current ownership include a roof replacement in January 2022 and MSD sewer service line installation in May/June 2021. The property does have compacity to be converted into a single family residence, owner occupied rental (either short term or long term), however the use may affect the CUP for STR. Whether you're considering entry into the Short Term Rental Market or augmenting your existing portfolio, this property offers a turnkey option for outstanding revenue.
Location
State KY
County Jefferson
Direction From I-65 take Saint Catherine Street Exit; travel West on Saint Catherine Street and turn left onto 4th Street, turn right onto W. Ormsby Ave, turn right onto W. Ormsby Ave, turn right onto Garvin Place, Property is located on alley behind 1236 and 1238 Garvin Place
Rooms
Basement None
Interior
Heating Natural Gas
Cooling Central Air
Fireplaces Number 2
Fireplace Yes
Exterior
Parking Features Off Street, Attached, See Remarks
Garage Spaces 1.0
Fence Privacy, Full, Wood
View Y/N No
Roof Type Shingle
Porch Patio
Garage Yes
Building
Lot Description Zero Lot Line
Story 2
Foundation Slab, Poured Concrete
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Brick
Schools
School District Jefferson
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