c.1900 Kentucky Shotgun House Under $40K
$39,900
Excellent investment potential in the Spalding neighborhood! This timeless Kentucky shotgun house sits gracefully elevated, offering a charming street presence and inviting appeal.
Realtor Comments
Currently configured as a one-bedroom, the home offers the flexibility to easily convert into a two-bedroom, unlocking even greater potential and value. Investors will appreciate the strong rental upside with average area rents approaching $1, 000 per month. The property also features off-street parking with a rear parking padan uncommon convenience in this area. Whether you’re looking to expand your rental portfolio or searching for a starter home with room to grow, this property checks all the boxes. Schedule your showing today and take advantage of this affordable opportunity before it’s gone!
- 1bed
- 1bath
- Circa 1900
1637 W Oak St, Louisville, KY 40210 $39,900
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Pros
- Vibrant Culture: Louisville is known for its rich cultural scene, including music, arts, and festivals, such as the famous Kentucky Derby.
- Affordable Living: The cost of living in Louisville is generally lower than the national average, making it an attractive option for residents.
- Diverse Food Scene: The city boasts a diverse culinary landscape, with everything from classic Southern cuisine to innovative dining options.
- Strong Job Market: Louisville has a growing economy with job opportunities in various sectors, including healthcare, manufacturing, and logistics.
- Recreational Opportunities: With numerous parks, the Ohio River, and outdoor activities, residents can enjoy a variety of recreational options.
Cons
- Weather: Summers can be hot and humid, while winters may bring snow and ice, which can be challenging for some residents.
- Traffic Congestion: As a larger city, Louisville experiences traffic congestion, particularly during rush hours.
- Crime Rates: Certain areas of the city have higher crime rates, which may be a concern for some residents.
- Public Transportation: While there are transit options, the public transportation system is not as extensive as in some larger cities, making a car necessary for many.
- Limited Nightlife in Some Areas: While there are vibrant nightlife spots, some neighborhoods may have fewer options for entertainment after dark.
Pros
- Proximity to Downtown: The Spalding neighborhood is close to downtown Louisville, making it convenient for those who work or want to enjoy urban amenities.
- Historic Charm: The neighborhood features historic homes and architecture, contributing to its unique character.
- Community Feel: Spalding has a tight-knit community with local events and active neighborhood associations.
- Access to Parks: There are nearby parks and green spaces, ideal for outdoor activities and relaxation.
- Cultural Attractions: Proximity to museums, theaters, and restaurants enriches the local culture and lifestyle.
Cons
- Housing Costs: Depending on the specific area, housing prices may be higher compared to other neighborhoods in Louisville.
- Traffic and Noise: Being near downtown can mean increased traffic and noise, particularly during peak hours.
- Limited Amenities: Some residents may find that certain amenities (like grocery stores) are not as easily accessible compared to other neighborhoods.
- Safety Concerns: Like many urban areas, there may be concerns regarding safety and crime rates in certain parts of the neighborhood.
- Gentrification: The neighborhood may be experiencing gentrification, which can lead to displacement of long-term residents and changes in community dynamics.
