Louisville, KY 40203,1236R Garvin Pl
Louisville, KY 40203,1236R Garvin Pl
Louisville, KY 40203,1236R Garvin Pl
49
$485,000
$500,000
3.0%
Est.Price: ?

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6 BD
4 BA
2,691 SqFt

1236R Garvin Pl Louisville, KY 40203

Est. payment /mo
SOLD DATE : 06/09/2022

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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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Greater Louisville MLS (Metro Search Inc)
Listed by Semonin REALTORS
agent
Scotty Paden

Realtor | License ID: 17000362

+1(812) 736-1870 | scottypaden@epique.me

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