4122 Vermont Ave, Louisville, KY 40211 | MLS# 1677009

Description

Welcome to 4122 Vermont Avenue, a 3-bedroom, 1-bathroom, two-story home with a basement that offers endless possibilities. Located near the parkway and just minutes from Shawnee and Chickasaw Parks, this property provides a prime location for those looking to invest in a home with tremendous potential.

Key Features:

-Bedrooms: 3 spacious rooms ready for personalization

-Bathroom: 1 full bathroom awaiting updates.

-Layout: Two stories with a basement, offering ample living and storage space.

-Condition: In need of TLC, perfect for homeowners or investors ready to make it shine.

Investment Potential:

-After Repair Value (ARV): Approximately $152,000.
-Listing Price: $105,000—an excellent opportunity to build equity. REVERT Program Eligibility:

This property is REVERT eligible, meaning it qualifies for funding through the Louisville Affordable Housing Trust Fund (LAHTF)’s REVERT Program (Restoring Each Viable Economically Redlined Territory). This program aims to revitalize neighborhoods by offering significant financial assistance to buyers.

Program Benefits:

-Funding Available: Eligible buyers can receive up to $50,000 in forgivable loans for rehabilitation.

Approved Uses of Funds:
-Repairs to bring the property up to code.
-Energy efficiency upgrades.
-Interior and exterior renovations to make it your dream home.
-Loan Forgiveness Terms: The loan is forgivable after 15 years of owner-occupancy, helping you invest in your future while improving your community.

Why Choose This Home?:

-Location: Situated near two beautiful parks, Shawnee and Chickasaw, with convenient access to major roadways.

-Affordability: Take advantage of the REVERT Program to reduce your out-of-pocket expenses for repairs.

-Community Impact: Be a part of revitalizing a historic neighborhood with a home that reflects your style and needs.

Next Steps:

Don’t miss out on this incredible opportunity to transform this property into your dream home or next investment.