2215 Glenmary Ave, Louisville, KY 40204 | MLS# 1693778

Description

Investor ALERT! 200k reduction and, 175k under 2024 Appraised value of $825,000! Just $125/square foot above grade in CHEROKEE TRIANGLE. $92/ sq ft i considering finished basement living area! BEYOND a RARE find in the heart of Cherokee Triangle, this solid brick boarding house offers an exceptional investment opportunity in one of Louisville’s most desirable and walkable neighborhoods. With 18 bedrooms, 4 full baths, and 3 half baths, this property stands out for its size, location, and unique income potential.

What makes this opportunity truly special is its hard-to-come-by non-conforming use status, allowing for room-by-room rentals—an advantage that’s nearly impossible to replicate today.
Recent updates include refreshed kitchen new ceiling-to-cabinet quartz backsplash, all-new fixtures, new flooring, new cabinet door handles, a new faucet and sink, and updated plumbing underneath. The home is equipped with four HVAC units, the roof was replaced in 2016, and in 2023, $32,000 was invested to replace lead plumbing with modern systems. .

Just steps from Bardstown Road’s restaurants, coffee shops, nightlife, and boutiquesand minutes from the scenic trails and golf course at Cherokee Parkthis location is as strong as the numbers.