721 East Oak Street

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721 East Oak Street

Louisville, KY 40203
Asking Price
$125K
Asset Type
Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily property available at 721 East Oak Street in Louisville
  • Asset is currently zoned specifically for use as a duplex
  • Property sits in immediate proximity to the University of Louisville
  • Offered through a published reserve auction with $125,000 opening bid

What's Special

Louisville serves as a central economic hub for Kentucky, driven by a diverse landscape of healthcare, logistics, and manufacturing industries. Situated at 721 East Oak Street, this multifamily asset sits in a position of high visibility near the University of Louisville campus, providing consistent demand for residential housing from students and faculty alike. The property location benefits from proximity to the city's major medical and educational centers, making it a viable target for investors focused on rental stability in the urban core. Given its density and regional access, the site supports various residential configurations aimed at long-term occupancy. Currently Zoned for duplex usage, the parcel offers a structured development path for those seeking to maximize yield in an established neighborhood. This asset is listed for sale via a published reserve auction with an opening bid set at $125,000. It presents a straightforward acquisition for portfolios seeking entry into the Louisville rental market through redevelopment or repositioning of existing residential structures.

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NOI
$80,000
Cap Rate
64.00%
DSCR
10.78
Strong
Cash-on-Cash
193.54%
Monthly Payment
$618.432
Annual Cash Flow
$72,578.818

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