311 Meadowood Rd, Louisville, KY 40229 | MLS# 1723296

Description

Investors, landlords or someone looking for an unconventional property. Unlocking an incredible, rare investment opportunity right on the edge of Jefferson and Bullitt County! Welcome to 311 Meadowood Road, Louisville, Kentucky, a highly adaptable and unique multi-family property perfectly situated directly on the Louisville, Kentucky Bullitt County Line. Boasting coveted R2 multi-family zoning within Bullitt County, Kentucky, this versatile real estate gem offers immense value for savvy real estate investors, multi-generational families, or anyone seeking a property with endless utility. The primary footprint features a traditional three bedroom one bathroom house that serves as an excellent foundation for rental income or a main residence. The current owner converted one bedroom into a laundry room. Adding incredible value to this setup is an expansive, attached accessory dwelling unit (ADU) designed with a spacious layout that includes two bedrooms two full bathrooms, a large living room, a kitchen, its own separate laundry and abundant extra storage space. For automotive and powersports enthusiasts, the property features a highly practical attached two car motorcycle garage. In addition to the primary living quarters and secondary suite, a standout feature of this unique property is a secondary garage that has been carefully converted to a meeting room area. This distinctive space has been proudly used for local gatherings and community events for many years, highlighting the incredible flexibility of the site. Additionally a 1/2 bathroom in the courtyard has been added for when the property hosts gatherings. While this value-add real estate investment needs work and aesthetic updates to reach its absolute highest and best use, the most expensive infrastructure items are completely taken care of. A major selling point is that all major mechanicals are newer across the entire compound, saving you tens of thousands of dollars in immediate capital expenditures. The property features a robust mechanical setup including three HVAC systems, three separate water heaters, and the roofs are newer, providing excellent structural protection and energy efficiency across the buildings. Outside, the property provides unparalleled accessibility with massive driveway space accommodating up to or six or parking spots, ensuring your tenants,or multi-generational household members, never have to worry about parking space availability. This property represents the ultimate blank canvas to finish to your exact specifications. For your convenience, there is also a covered gazebo for your outdoor gatherings. Please note that this rare multi-dwelling asset is being sold as is, making it a perfect match for cash buyers, hard money or conventional buyers. Don’t miss your chance to own a highly unique Bullitt County R2 zoned multi-family property with an established accessory dwelling unit and converted community meeting space in a fantastic perimeter location. Please call Bullitt County Planning and Zoning to confirm all zoning and uses.