1516 29th St, Ashland, KY 41101

Welcome to 1516 29th St., Ashland, KY — a spacious 3-bedroom, 2-bath investment opportunity with immediate upside and strong rental potential. This large home features hardwood floors, a gas fireplace, and a bright sunroom that adds valuable living space tenants love. The layout offers generous room sizes and a functional flow, making it highly desirable for long-term occupancy. The property also includes a detached one-car garage and is ideally located just minutes from the local hospital, shopping, and dining — a key factor for consistent rental demand. Currently tenant-occupied with a long-term renter in place, providing immediate income from day one. This is a perfect opportunity for investors looking to expand their portfolio with a performing asset in a strong rental area. With minor improvements and light updates, this property offers excellent value-add potential and the ability to increase both equity and returns over time. Investor Note: Strong rent history and favorable price point position this property at approximately a 14.4% gross cap rate at full asking price, making it an attractive addition to any portfolio.