$335,000
Furnished Downtown Condo with STR Potential Short-term rentals are allowed. Sold furnished. AirDNA projects approximately $69,000 in annual gross revenue when configured as a three-bedroom sleeping six. That combination makes this one of the more interesting ownership opportunities in downtown Louisville. Located on the fourth floor of the historic Levy Building, this condo has been loved by the same owner since the building was converted to residences and has never before been offered on the MLS. It is currently configured with two bedrooms, but the layout offers a straightforward opportunity to create a third — an important consideration for a buyer looking to maximize guest capacity and income potential. The unit itself has another advantage within the building: desirable north-facing views of downtown Louisville. Large windows bring in abundant natural light while overlooking the cityscape and nearby green space, giving the property the kind of setting that photographs well and matters to both guests and occupants. . For a short-term rental, the location makes sense. Guests can walk within minutes to the KFC Yum! Center, Whiskey Row, Kentucky International Convention Center, Kentucky Center for the Arts, Museum Row, restaurants, NULU, bourbon experiences and many of downtown Louisville's biggest attractions. The unit has never been operated as an Airbnb, giving the next owner the opportunity to establish the property and operation from the beginning. The building has a story worth telling, too. Built in 1893 as the Levy Brothers clothing store, the Levy Building is listed on the National Register of Historic Places. Its elaborate exterior was illuminated with electric lights, helping inspire the old Louisville expression "lit up like Levy's." Today, just 23 condominiums occupy the residential portion of the building, served by two elevators. A large private storage unit on the mezzanine level conveys with the condo. Street parking and monthly parking options are available in neighboring garages, while the HOA covers water, trash, exterior and common-area cleaning and maintenance, and general liability insurance. The association also benefits from annual cellular tower lease revenue, providing an additional source of income to support its operations. Furnished. STR-friendly. Flexible three-bedroom potential. Walkable to Louisville's major downtown destinations. And AirDNA projecting approximately $69,000 in annual gross revenue. For an investor looking for a downtown Louisville property that can be put to work, this one deserves a serious look.
2
Beds
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2
Baths
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1727694
MLS
133 S 3rd St Unit 405, Louisville
Listing courtesy of EXP Realty LLC.