227 Ottawa Ave Louisville, KY 40209

Listing details for 227 Ottawa Ave, Louisville, KY 40209 : FANTASTIC INVESTOR OPPORTUNITY- Value-Add Duplex at below market price! This duplex has strong upside potential! Unit 1 is 1-bedroom with laundry hook up, recently getting $950 per month but is now vacant. Unit 2 is 2-bedrooms, with a market rent of $1100 per month. Both units will need cosmetic updates. Pro Forma: $2000/month ($24,000/year). Increase NOI through light renovations and stabilize for strong cash flow or future refinance potential. Ideal for investors looking to force appreciation or house hackers wanting rental income to offset the mortgage. Opportunities at this price point in this area with built-in upside move quickly. Don't let this one pass you by!