5419 New Cut Rd

*Please note: Listing photos were taken prior to the fire incident discussed below. Positioned in a high-demand corridor of South Louisville, this 11-unit mixed-use property offers a compelling value-add opportunity for investors seeking strong upside potential. The asset consists of 10 residential units and 1 commercial space. The property has experienced fire damage, with several units impacted. Ownership has estimated approximately $330,000 in remaining renovation costs to restore the asset to full stabilization. The property is offered as-is, with the purchaser assuming responsibility for completing the improvements. Prior to the disruption, the property consistently performed as a strong income-producing asset, benefiting from its strategic location along a major thoroughfare. Residents enjoy convenient access to retail, dining, essential services, and nearby recreational amenities including Iroquois Park. This offering represents a rare opportunity to reposition and stabilize a historically high-performing property, with the potential to achieve attractive yields in a supply-constrained, high-demand rental market.