1853 Bank St

Description

Welcome to Historic Portland! This classic two-story triplex has been fully remodeled and is rent-ready, offering a strong opportunity for both investors and owner-occupants. Each unit features LVP flooring throughout, fully equipped kitchens, and washer and dryer hookups, providing the modern amenities today's residents expect. The building includes two 3-bedrooms, 1-bath units and one 2-bedroom, 1-bath unit, all with generously sized bedrooms, ample closet space, and functional layouts designed for comfortable living. A detached 2-car garage adds additional value and tenant appeal. Based on current HUD rental rates, the property has a projected gross monthly income of $3,500 to $4,000 once fully leased, making it a strong cash-flowing asset. The property is zoned C-1 Commercial, creating flexibility for mixed-use or alternative investment strategies. A rear yard area offers the potential to be fenced for added privacy and outdoor enjoyment for residents. Conveniently located near shopping, restaurants, schools, parks, public transportation, and major expressways, this property delivers both comfort and accessibility in one of Louisville's most historic neighborhoods.