Make an offer for this 2-bedroom, 1-bath property is a compelling opportunity for homebuyers, first-time buyers, and real estate investors in Shively. The home is located in a qualifying neighborhood for the ReVert program — a Louisville Affordable Housing Trust Fund initiative that provides up to $50,000 in forgivable funding to help buyers rehabilitate and occupy homes in historically underserved areas. Eligible buyers can search "ReVert Louisville" or "Louisville Affordable Housing Trust Fund REVERT" to learn more about qualifications and how to apply. For buyers who wish to make updates, an FHA 203(k) renovation loan is one financing option worth exploring — it allows buyers to combine the purchase price and any planned improvements into a single mortgage. The home features a functional floor plan. With comparable updated homes in the area selling above $100,000 and into the $130,000 range, this property offers a lower entry point with room to build equity over time. For investors, whether your strategy is a fix-and-flip, a long-term buy-and-hold rental, or a BRRRR investment (Buy, Rehab, Rent, Refinance, Repeat), the combination of affordable acquisition cost and strong neighborhood comps creates a clear path to returns.
Listing courtesy of Coldwell Banker McMahan.
