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8701 Old Bates Road
Louisville, KY 40228
Asking Price
$400K
Asset Type
Residential Land
Class
Class B
What's Special
A Private, Wooded 9.56‑Acre Opportunity Inside the Gene Snyder <ul><li><strong>9.56 Acres of Usable Land</strong> </li><li> Entire tract sits <em>outside</em> the floodplain, maximizing buildable area and reducing development risk.</li><li><strong>R‑4 Residential Zoning in Place</strong> </li><li> Ideal for single‑family development, estate‑style homes, or a low‑density residential concept in line with surrounding uses.</li><li><strong>Gently Rolling, Wooded Terrain</strong> </li><li> Attractive natural topography with mature trees, offering privacy,
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NOI
$80,000
Cap Rate
20.00%
DSCR
3.37
Strong
Cash-on-Cash
46.88%
Monthly Payment
$1,978.982
Annual Cash Flow
$56,252.219
