1604 S Shelby St

Description

The absolute BEST Price/sq ft opportunity currently available for any investor in one of Louisville's most walkable neighborhoods! Just blocks from UofL & beloved local staples like Zanzabar, Nord's Bakery, Dairy Del, Toasty's, Bean, Hauck's, Preston Park, and Emerson Park, this versatile property is move-in ready & packed with potential. With over 2,000 square feet, this duplex has historically been configured as a 2-bedroom unit and a 1-bedroom unit, offering flexible living or rental arrangements. One unit is currently occupied and the other is vacant, making it an ideal setup for an owner-occupant or an investor looking to lease both. Each unit includes a dishwasher and in-unit laundry, plus separate gas and electric meters. The owner currently pays water. This duplex is listed /sq ft, while the AVERAGE price/sq ft in this neighborhood is $160, with recent sales reaching $188/sq ft. And with the right updates? The area supports values as high as $300/sq ft for single-family conversions. Lots of upside and opportunity to build equity here. Both units are in good overall condition with updated HVAC systems, a newer hot water heater, and several replacement windows already in place. Out back, you'll find a large outbuildingformerly used as a garagethat currently serves as storage (no power run to it), and an expansive yard area that could easily be divided to give each tenant their own private outdoor space. Whether you're looking to live in one unit and rent the other, or add a well-located property to your portfolio, 1604 S. Shelby checks a lot of boxes. This property has been well maintained and is move in ready, although at this value price, it is sold "as is". Thank you!