611 Finzer St, Louisville, KY 40203

$224,900
: 2
BD
: 1
BA
: 1,387
SqFt

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List Price: $224,900
Price Change: ▼ $10,100 1785175904
MLS#: 1721338
Status: ACTIVE
Type: Single Family Residential
City: Louisville
Area: 0 - Central Downtown
County: Jefferson
Bedrooms: 2
Bathrooms: 1
Living Area: 1,387
Lot Size: 2,779
Year Built: 1900

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Property Description

PRICE IMPROVEMENT! Turnkey STR investment opportunity now offered at $224,900. Motivated sellers are ready to review offers. Fully furnished and grandfathered for short-term rental use, 611 Finzer St offers a rare opportunity to acquire an income-producing Airbnb with no CUP required. Zoned OR-2, the property may continue operating as a short-term rental with buyer registration through Louisville Metro within 30 days of closing. Configured as a 2BR with a non-conforming third room currently used as a bedroom, the home functions as a 3BR with increased revenue potential. Based on AirDNA projections, the property is expected to generate approximately $47,300 in annual gross revenue | 60% occupancy | $215 ADR | $27,030 projected NOI | 12.0% projected cap rate | 1.91 projected DSCR (based on 75% LTV, 7.5% interest, 30-year amortization). Estimated operating expenses of approximately $20,270 annually include taxes, insurance, utilities, landscaping, maintenance reserves, and cleaning. Sold fully furnished, this is a true plug-and-play investment for an Airbnb, furnished rental, or hybrid personal-use property. Grandfathered STR status, strong projected cash flow, and the recent price improvement create a compelling opportunity for investors seeking immediate income potential. Self-managed pro forma available under listing documents.

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