611 Finzer St, Louisville, KY 40203
Local realty services provided by:CENTURY 21 Simpson & Associates
611 Finzer St,Louisville, KY 40203
$245,000
- 2 Beds
- 1 Baths
- 1,387 sq. ft.
- Single family
- Active
Listed by: jonathan d klunk
Office: exp realty llc.
MLS#:1716294
Source:KY_MSMLS
Price summary
- Price:$245,000
- Price per sq. ft.:$190.37
About this home
AIRBNB INVESTMENT OPPORTUNITY in the heart of Louisville offering a rare turnkey STR with strong projected returns and no CUP required. This fully furnished property at 611 Finzer St is zoned OR2 and grandfathered for short-term rental use, allowing the next owner to continue operations (buyer to register w/ the city within 30 days of closing). Configured as a 2BR with a 3rd room currently used as a bedroom (non-conforming), this functions as a 3BR opportunity with increased revenue potential. Based on AirDNA projections, the property is expected to generate ~$47,300/yr in gross revenue at ~60% occupancy and $215 ADR, producing an estimated NOI of ~$27,030 and a 10.8% cap rate at the $250K list price. The home will average ~73 bookings/yr w/ ~3-night stays and is being sold fully furnished making it a true plug-and-play investment. Est. operating expenses total ~$20,270/yr including taxes, insurance, utilities, landscaping, maintenance reserves, and cleaning. With an est. DSCR of ~1.7 (based on 75% LTV, 7.5% rate, 30-yr am), this is a highly financeable asset w/ strong cash flow potential. Located in a proven STR corridor w/ consistent demand, this is ideal for investors seeking an income-producing Airbnb, furnished rental, or hybrid personal-use property. Grandfathered STR zoning, turnkey condition, and double-digit projected returns make this a standout opportunity. Accurate self-managed proforma under documents....
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Home facts
- Year built:1900
- Listing ID #:1716294
- Added:44 day(s) ago
- Updated:June 13, 2026 at 03:14 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Rooms Total:8
- Basement:Yes
- Basement Description:Cellar
- Living area:1,387 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:FORCED AIR
- Central air:Yes
Structure and exterior
- Year built:1900
- Building area:1,387 sq. ft.
- Lot area:0.06 Acres
- Lot Features:Level
- Architectural Style:Traditional
- Construction Materials:Vinyl siding, Wood Frame
- Exterior Features:Patio, Porch
- Foundation Description:Concrete Block, Crawl Space
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$245,000
- Price per sq. ft.:$190.37
Parking
- Parking description:Entry Rear
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