2729 Garland Ave, Louisville, KY 40211

Exceptional Investment Opportunity Awaits—This recently renovated property in west Louisville offers a stable income stream with a Section 8 tenant in place until September 2024, paying $1,273 per month. This property is a secure and lucrative investment with guaranteed rent and annual inspections. Prime Location: Strategically located just two properties away from the newly constructed Norton W Louisville Hospital and the state-of-the-art YMCA, the location is ideal for sustained rental demand. Quality and Comfort: The residence has been updated with new paint, flooring, and numerous other enhancements. It features 3 bedrooms, 1 full bath, and over 1,000 square feet of living space, all in excellent structural condition. Neighborhood Appeal: The surrounding homes complement the property, adding to the desirability of this investment opportunity. Financial Metrics: With a Debt Service Coverage Ratio (DSCR) of 1.5 and a capitalization rate of 10%, this property offers an attractive return on investment. The tenant is responsible for the water bill, while the owner covers LG&E, averaging around $100-$150 monthly. Given the compelling financials and prime location, this property is expected to attract significant interest. The property will be shown with an accepted contract. Please get in touch with the listing agent with questions.