99 R Hobbs Ln

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99 R Hobbs Ln

Louisville, KY 40023
Asking Price
$1.20M
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • Parcel spans 20.831 acres of residential development land
  • Offered for sale at a price of $1,200,000
  • Situated in the Louisville market near regional infrastructure
  • Asset type categorized as residential land for development
  • Strategically positioned within the 40023 ZIP code area

What's Special

Residential development serves as the primary use case for this 20.831-acre parcel positioned in Louisville, Kentucky. The expansive site provides significant acreage for builders or investors looking to establish a new housing community within a key regional market. Louisville maintains a robust economy supported by a diverse base of employers in the healthcare, logistics, and manufacturing sectors. The property benefits from the city's infrastructure and proximity to major transit routes that connect suburban residential pockets to the broader metro area. Developing this land offers an entry into the local housing market, which continues to attract residents seeking the balance of urban convenience and suburban lifestyle. The parcel's size allows for a variety of residential configurations depending on municipal zoning and site requirements. Its location within the 40023 ZIP code places it in a growing sector of the Louisville region, suitable for long-term residential land holding or immediate project development.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

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