Home Details for 1383 S Floyd St

Investor's Goldmine: 6-Unit Rehab Opportunity Steps from UofL! Unleash massive potential in this prime multi-unit property, ideally situated just minutes from the booming University of Louisville campus. This isn't just a building; it's a blank canvas in an explosively hot market, custom-made for savvy investors. Capitalize on the surging demand for both professional and student rentals, or execute a highly profitable flip. The surrounding area is a proven magnet for successful rehabs and lucrative flips—this is your chance to join the ranks of those transforming this vibrant neighborhood. Currently configured with six distinct units, this versatile property offers immediate vision: First Floor: Spacious 2-bedroom, 1-bath apartment with kitchen... Second Floor: Three efficient studio apartments, each with a bath. Third Floor: Unique loft/studio with a full bath and kitchen. Imagine the possibilities post-renovation: highly desirable housing for university professionals, medical residents, or a prime income-generating asset for student housing. UofL's on-campus housing consistently sees near-record occupancy (97% in Fall 2024), underscoring the immense off-campus rental demand. While the vision is clear, this property requires a full rehab and clean-out. It's an "as-is" sale, and the front entrance is sealed off. This presents an exciting opportunity to transform this property from the ground up, allowing you to customize it entirely to maximize future rental income and resale value. There are no tenants remaining. Buyer to verify all information, including but not limited to square footage, lot size, utilities, foundation, environmental concerns, zoning, and intended uses. Property is being sold AS-IS, with no warranties expressed, written, or implied.Please allow 48 hours for a response on all offers. Don't miss out on this exceptional chance to transform potential into significant profit! Investors are actively seeking and successfully renovating properties like this in this appreciating market. Yours could be next. Ready to seize this incredible investment? Schedule your exclusive showing today!

• Heating Information

  • None
  • Other

• Utilities

  • Natural Gas Available
  • Electricity Connected

• Cooling Information

  • Wall/Window Unit(s)

• Water Features

  • Public