Great investment opportunity! Perfectly situated near Churchill Downs, and U of L. This home was fully renovated a few years ago. Listed as a 3 bedroom, adding a closet to one room could easily turn this into a conforming 4-bedroom home. Long term tenants in place that want to stay. Current rental income is $1322 per month, and tenant pays all utilities! A rate increase is due with new lease before the new year. This well-maintained rental will be a cash flow property for many years to come.
Property Details
Property Features
Property Information:
Year Built: 1910
Stories: 2
Living Area: 1,640 SqFt
Listing Office:
Office Name: Totally About Houses
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Exterior: Porch
Parking Information:
Attached Garage: No
Parking: Off-Street Parking, Entry Rear
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Cooling: Central Air
School Info
Assigned Schools Information:
Iroquois High School, Public Magnet Grades 9-12
Brown School, Public District Grades KG-12
Noe Middle School, Public District Grades 6-8
Western Middle School, Public District Grades 6-8
Frayser Elementary School, Public District Grades PK-5
Lincoln Elementary Performing Arts, Public District Grades KG-5
Other
Directions Information:
Directions: From Central Ave, right onto 5th and left onto M. From Eastern Pkwy, left onto 3rd, and right onto M.
Price Information
Listing Price Info
Price Summary:
List Price: $140,000
Price Per SqFt: $85/SqFt
Tax Information:
Annual Amount: $770
Tax Year: 2020
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Frayser Elementary School
1230 Larchmont Ave
Distance between this listing and this school0.70 miles
Public District Grades PK-5
4
/10
Lincoln Elementary Performing Arts
930 E Main St
Distance between this listing and this school3.52 miles
Public District Grades KG-5
Middle School
6
/10
Noe Middle School
121 W Lee St
Distance between this listing and this school1.15 miles
Public District Grades 6-8
3
/10
Western Middle School
2201 W Main St
Distance between this listing and this school3.69 miles
Public District Grades 6-8
High School
1
/10
Iroquois High School
4615 Taylor Blvd
Distance between this listing and this school2.60 miles
Public Magnet Grades 9-12
10
/10
Brown School
546 S 1st St
Distance between this listing and this school2.89 miles
Public District Grades KG-12
Assigned Schools
2
/10
Frayser Elementary School
1230 Larchmont Ave
Distance between this listing and this school0.70 miles
Public District Grades PK-5
4
/10
Lincoln Elementary Performing Arts
930 E Main St
Distance between this listing and this school3.52 miles
Public District Grades KG-5
Nearby Schools
1
/10
McFerran Preparatory Academy
1900 S 7th St
Distance between this listing and this school0.97 miles
Public District Grades PK-5
Assigned Schools
6
/10
Noe Middle School
121 W Lee St
Distance between this listing and this school1.15 miles
Public District Grades 6-8
3
/10
Western Middle School
2201 W Main St
Distance between this listing and this school3.69 miles
Public District Grades 6-8
Nearby Schools
1
/10
Frederick Law Olmsted Academy North
4530 Bellevue Ave
Distance between this listing and this school1.61 miles
Public District Grades 6-8
Assigned Schools
1
/10
Iroquois High School
4615 Taylor Blvd
Distance between this listing and this school2.60 miles
Public Magnet Grades 9-12
10
/10
Brown School
546 S 1st St
Distance between this listing and this school2.89 miles
Public District Grades KG-12
Nearby Schools
10
/10
Dupont Manual High School
120 W Lee St
Distance between this listing and this school1.08 miles
The neighbors living near this home have an average income of $32,951. Most Louisville, KY residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 513 M St
What is the listing price of this property?
The listing price of 513 M St property is $140,000.
What type of property is this?
The property 513 M St is a house located in Louisville, Kentucky, 40208.
Is this property for sale now?
Active Listing: 513 M St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 513 M St are: Frayser Elementary School: GreatSchools Rating 2/10Lincoln Elementary Performing Arts: GreatSchools Rating 4/10Noe Middle School: GreatSchools Rating 6/10Western Middle School: GreatSchools Rating 3/10Iroquois High School: GreatSchools Rating 1/10Brown School: GreatSchools Rating 10/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $770 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 11, 2018 for $56,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 513 M St has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 513 M St is 1,640 SqFt (source: MLS/tax record).
This home is located at 513 M St in Louisville, KY and zip code 40208 in the South Louisville neighborhood. This 1,640 square foot home, which was built in 1910, sits on a 0.08 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $140,000.
While more than 182 listings in Louisville, KY in September 2024 were sold above asking price, there were more than 182 listings sold at asking price, and more than 335 were sold below. In September 2024 in Louisville, KY there were 0.3% more homes for sale than in August 2024. In September 2024, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $250,051.
From Rocket Homes Real Estate and based on county public records data.