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Amanda Midkiff

amanda@midkiffteam.com +1(502) 767-9087

$ 250,000

Est. payment | -/mo

2 Beds

1 Bath

1,387 SqFt

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$ 250,000

Est. payment | -/mo

Save

2 Beds

1 Bath

1,387 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 1,387 sqft

Price per Sqft $180

Subdivision Smoketown

MLS Listing ID 1716294

Style Traditional

Bedrooms 2

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,287

Year Built 1900

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Single Family Residence

Source APEX MLS (Greater Louisville Association of REALTORS®)

Land Area 1287

Property Description

AIRBNB INVESTMENT OPPORTUNITY in the heart of Louisville offering a rare turnkey STR with strong projected returns and no CUP required. This fully furnished property at 611 Finzer St is zoned OR2 and grandfathered for short-term rental use, allowing the next owner to continue operations (buyer to register w/ the city within 30 days of closing). Configured as a 2BR with a 3rd room currently used as a bedroom (non-conforming), this functions as a 3BR opportunity with increased revenue potential. Based on AirDNA projections, the property is expected to generate ~$47,300/yr in gross revenue at ~60% occupancy and $215 ADR, producing an estimated NOI of ~$27,030 and a 10.8% cap rate at the $250K list price. The home will average ~73 bookings/yr w/ ~3-night stays and is being sold fully furnished making it a true plug-and-play investment. Est. operating expenses total ~$20,270/yr including taxes, insurance, utilities, landscaping, maintenance reserves, and cleaning. With an est. DSCR of ~1.7 (based on 75% LTV, 7.5% rate, 30-yr am), this is a highly financeable asset w/ strong cash flow potential. Located in a proven STR corridor w/ consistent demand, this is ideal for investors seeking an income-producing Airbnb, furnished rental, or hybrid personal-use property. Grandfathered STR zoning, turnkey condition, and double-digit projected returns make this a standout opportunity. Accurate self-managed proforma under documents.

Location

State KY

County Jefferson

Direction Jackson st to Finzer Ave.

Rooms

Basement Cellar

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Off Street, Entry Rear

Fence Privacy, Full, Wood

View Y/N No

Roof Type Flat,Shingle

Porch Patio, Porch

Garage No

Building

Lot Description Level

Story 2

Foundation Crawl Space, Concrete Blk

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Vinyl Siding,Wood Frame

Schools

School District Jefferson

Greater Louisville MLS (Metro Search Inc)

Listed by EXP Realty LLC

Nearby Locations

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+1(502) 767-9087

amanda@midkiffteam.com

6500 Glenridge Park Pl, Louisville, KY, 40222, USA

611 Finzer St Louisville, KY 40203

Amanda Midkiff

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby Locations

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611 Finzer St