Louisville, KY 40215,828 Longfield Ave
Louisville, KY 40215,828 Longfield Ave
Louisville, KY 40215,828 Longfield Ave
Louisville, KY 40215,828 Longfield Ave
Louisville, KY 40215,828 Longfield Ave
Louisville, KY 40215,828 Longfield Ave
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$ 175,000
Est. payment | /mo

2 Beds

1 Bath

929 SqFt


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$ 175,000
Est. payment | /mo
Save

2 Beds

1 Bath

929 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 929 sqft

Price per Sqft $188

Subdivision Oakdale

MLS Listing ID 1683080

Style Bungalow,Traditional

Bedrooms 2

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 720

Originating Board Metro Search (Greater Louisville Association of REALTORS®)

Year Built 1946

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Single Family Residence

Property Description

This property is a rare investment opportunity for short-term rental (STR) enthusiasts, offering a Conditional Use Permit (CUP) for STR (airbnb) operations and an Airdna-projected annual revenue of $32,900 with an impressive CAP rate of 11.29%, including management. Its prime location near Churchill Downs makes it ideal for attracting Derby visitors and Louisville tourists, ensuring strong returns in the thriving local rental market. Despite never having operated as an Airbnb, this property is perfectly positioned to deliver immediate value to investors looking to enter the STR space at a low entry point.

The home has undergone extensive updates, including new windows and blinds, a remodeled bathroom, refinished floors, and new mechanical systems, all detailed in a comprehensive list available upon request. A stunning mural in the living room depicts a Derby scene, adding unique charm that will appeal to guests. The layout features two bedrooms and a full bath on the first floor, while the second floor offers potential for a third bedroom despite non-conforming ceiling height. The basement has sufficient ceiling height to finish a portion into an additional room or bourbon bar, further enhancing guest appeal.

The kitchen is primed for a cost-effective upgrade, with a wall that could easily be converted into a breakfast bar. Outside, the detached garagecurrently not usable for parkingoffers potential for transformation into an outdoor space such as a bourbon bar. The adjacent vacant lot provides added privacy, making this property even more attractive to renters. Guests can enjoy views of horses in the backside stables from the porch, creating an authentic Louisville experience.

With its combination of STR-ready features, prime location near Churchill Downs, and significant revenue potential, this property is an exceptional opportunity for investors looking to capitalize on Louisville's vibrant tourism market.

Location

State KY

County Jefferson

Direction Southern Parkway to Winn Ave to S 4th Street to Longfield. The house will be on the left.

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features Off Street, Detached

Garage Spaces 2.0

Fence Full, Chain Link

View Y/N No

Roof Type Shingle

Porch Porch

Garage Yes

Building

Story 2

Foundation Poured Concrete

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Traditional

Structure Type Vinyl Siding,Wood Frame,Aluminum Siding,Stone Veneer

Schools

School District Jefferson

Greater Louisville MLS (Metro Search Inc)
Listed by EXP Realty LLC
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(502) 415-3649

neal@nealcoxrealtor.com

11830 Capital Way, Louisville, KY, 40299, United States

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828 Longfield Ave