Income Producing AirBnb with Permits

Hospitality for Sale
Catylist Listing ID: 30673365
Property Subtypes: Bed & Breakfast, Recreation Cabins, Vacation Rental(s)
Number of Units: 1 Units
Building Size (RSF): 1,423 SF
Gross Building Area: See Agent
Gross Land Area: 0.06 Acres
Sale Price: $319,900
Unit Price: $319,900 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2021

Overview / Comments

OPEN HOUSE SUNDAY 12/13/20 ***Listing Price includes all Furnishings*** This Butchertown camelback features: 3 Bedrooms, 3 FULL baths; Two en-suites - first AND second floors; First floor laundry; Currently an Airbnb; Conditional use permit (CUP) for full-time Airbnb use; complete reno 3 years ago; Off-street parking; and a GREAT location - convenient to interstates, walk to restaurants, soccer, waterfront park, botanical gardens, NULU, & Crescent Hill.

As a Short Term Rental, this house has been very successful. Due to it's modern and hip elements, as well as location, many guests have been thrilled staying here. The house has served as a Short Term Rental for almost 2 years and has maintained an average of 70% occupancy over a year period.

Please see the listing for a list of upgrades made by the current owner. Furnishings included, except for graffiti artwork (available for purchase) and bourbon barrel guitar in the hallway (wedding gift).

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 020E00360000
Zoning: R-7 - Residential Multi-Family District
Property Visibility: Good
Highway Access: The house is located almost at the corner of Frankfort and Story Ave. The expressway is close by and leads to I-71 and I-65.
Site Description: Located on Frankfort Ave, right off of Story Ave, this house sits in a quiet location. Traffic does come through quite a bit but the house is well insulated and is very quiet. This has been an AirBnb for almost 2 years and no guests have ever complained about noise. The house sits next to a business that is open Mon - Fri, 9-5 pm. The business is very quiet and has few employees coming in and out.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1900
Construction/Siding: Vinyl Siding
Average Occupancy Rate: 70
Total Parking Spaces: 3
Parking Description: To the right of the house is a long, paved driveway. 2-3 vehicles can fit in the driveway, however, vehicles have to line up.
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Interior Description: The first floor boasts an open floor plan between the living room and kitchen with lots of space and exposed brick. The living room is large enough to comfortably fit three sofas. The eat-in kitchen features white cabinets, black granite counters with island, stainless appliances, and space for a 6-8 person dining table. Between the kitchen and the bedrooms is a laundry cut out in the hall with stackable washer and dryer and the first floor full bath for guest use and for the 3rd bedroom. The washer and dryer will remain with the house. The 3rd bedroom is smaller and pictured with a full-size bed. This room would make an excellent kids room, guest room, or home office for 1-2 people. Two of the three bedrooms are en-suites - one on the first floor and one on the second. The first floor ensuite could serve as an Airbnb or short-term rental, with guest access from the rear of the house. There is no need for guests to use the main living quarters unless you decide to make them available. The ensuite features a large closet and full bath with shower/tub. The second floor features the primary en-suite. Lower ceilings make a cozy environment for this 220 sq ft space. The room can easily accommodate a king bed w/ bedside tables, chest, and even a desk for a flex work space. A deck can be added off the rear of the house to expand the space and incorporate the outdoors. In the rear of the house is an inviting back patio and small yard with exterior outlets to add cafe lighting. The semi-secluded nature of this house makes it great for entertaining inside or out, and into the early morning - perfect for night owls. There is a business with a parking lot to the right of the house, flood wall to the left with businesses on the other side, and a bar/restaurant directly across the street.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,538 119,266 301,597
Median Age: 38.23 37.06 37.76
Households: 5,904 54,815 133,154

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