1724 W Ormsby Ave - Investment Opportunity

🔄 BEFORE & AFTER TRANSFORMATION

See the dramatic value-add potential with our professional visualization package

📷 BEFORE - Current Condition

AS-IS: Deferred maintenance visible

Overgrown landscaping, worn deck, needs full rehab

✨ AFTER - Luxury Rehab Vision

TRANSFORMED: Premium finishes

Professional landscaping, modern updates, move-in ready

💰 This Transformation Creates:

$90,000 - $140,000 in Instant Equity

Plus ongoing cash flow from 4 income-producing units

🔑 TWO-TIER INVESTMENT STRATEGY

Choose Your Risk/Return Profile - Two Distinct Paths to Profitability

Investment Metric	🛠️ OPTION 1: BASIC REHAB	✨ OPTION 2: LUXURY REHAB
Rehab Cost	$75,000	$110,000
Total Investment	$250,000	$310,000
Projected ARV	$375k-$390k	$400k-$415k
Potential Equity	$125k-$140k	$90k-$105k
ROI	50-56%	29-34%
Strategy Focus	Value investor approach	Premium positioning
Timeline	3-4 months	5-6 months
Target Rent/Unit	$750-850/month	$900-950/month
Monthly Income	$3,000-3,200	$3,600-3,800

🏗️ Property Specifications

Address	1724 W Ormsby Ave, Louisville, KY 40210
Neighborhood	Old Louisville Historic District
Property Type	Quadruplex (4-unit multi-family)
Total Square Footage	2,568 sq ft
Unit Configuration	Four 1BR/1BA apartments
Total Bedrooms	4 (1 per unit)
Total Bathrooms	4 full baths (1 per unit)
Year Built	1925 (Historic brick construction)
Lot Size	0.10 acre
Construction	Solid brick exterior
Condition	AS-IS, needs full rehabilitation
Previous Sale	$150,000 February 2012)

💰 Financial Analysis - Basic Rehab Option

Acquisition & Renovation

Purchase Price	$200,000
Renovation Budget	$75,000
Closing Costs (est.)	$6,000
TOTAL INVESTMENT	$281,000

Post-Renovation Value

Conservative ARV: $375,000

Optimistic ARV: $390,000

Instant Equity: $119k - $134k

ROI: 47-52%

Income Projections (Basic Rehab)

4 Units @ $750-850/month each	Monthly Gross Income: $3,000-3,200
Annual Gross Income	$36,000-38,400
Operating Expenses (40%)	$14,400-15,360
Net Operating Income	$21,600-23,040
Cap Rate	8.4-9.0%
Cash-on-Cash Return (75% LTV financing)	18-22%

✨ Financial Analysis - Luxury Rehab Option

Acquisition & Renovation

Purchase Price	$200,000
Renovation Budget	$110,000
Closing Costs (est.)	$6,000
TOTAL INVESTMENT	$316,000

Post-Renovation Value

Conservative ARV: $400,000

Optimistic ARV: $415,000

Instant Equity: $84k - $99k

ROI: 27-31%

Income Projections (Luxury Rehab)

4 Units @ $900-950/month each	Monthly Gross Income: $3,600-3,800
Annual Gross Income	$43,200-45,600
Operating Expenses (35%)	$15,120-15,960
Net Operating Income	$28,080-29,640
Cap Rate	8.9-9.4%
Cash-on-Cash Return (75% LTV financing)	22-26%

🔨 Renovation Scope Comparison

🛠️ BASIC REHAB ($75,000)

Interior paint throughout all units
Flooring: Durable laminate/vinyl plank
Kitchen updates: Painted cabinets, laminate countertops, standard appliances
Bathroom updates: Refinished tubs, updated fixtures, vinyl flooring
Lighting: Standard LED fixtures
HVAC: Service/repair existing systems
Plumbing/Electrical: Code compliance repairs
Exterior: Pressure washing, basic landscaping
Deck: Repair or basic replacement
Timeline: 3-4 months

✨ LUXURY REHAB ($110,000)

Premium interior paint with designer colors
Flooring: Hardwood-look luxury vinyl plank
Kitchen upgrades: New shaker cabinets, quartz countertops, stainless steel appliances, tile backsplash
Bathroom renovations: New tubs/showers, modern vanities, ceramic tile
Lighting: Designer fixtures and recessed lighting
HVAC: New high-efficiency units
Plumbing/Electrical: Complete updates and modernization
Exterior: Professional landscaping, new fencing, outdoor lighting
Deck: Complete rebuild with composite materials
Balcony addition: New architectural feature
Timeline: 5-6 months
Matches professional 3D renderings

🌆 Market Opportunity

Location: Old Louisville - Historic Victorian neighborhood
Proximity: Downtown Louisville (2 miles), University of Louisville (1.5 miles)
Market Trends: Strong rental demand from students, young professionals, historic district enthusiasts
Comparable Rents: $700-950/month for 1BR units in area
Vacancy Rates: Low (3-5% in neighborhood)
Appreciation: Historic districts showing 4-6% annual growth
Multi-family Demand: High investor interest in cash-flowing properties

🎬 Professional Media Assets

This property comes with an exceptional media package that eliminates guesswork:

🎥 Luxury Rehab Video Walkthrough

Professional 3D walkthrough showing the luxury rehab vision

✅ 9 Current Condition Photos documenting existing state
✅ 17 Professional 3D Renderings showing post-rehab vision
✅ Complete Media Content Folder: Access Full Media Package →
✅ Current Condition Photos Folder: View Before Photos →
✅ 3D Renderings Folder: View After Renderings →

📸 Visual Portfolio Breakdown

CURRENT CONDITION PHOTOS (9 Images)

Before rehabilitation - documenting existing state

Backyard View

Additional current condition photos available in Google Drive folder:
Front views (3 angles), Backyard full view, Front porch, Bathroom, Room/bedroom, Upstairs kitchen, Upstairs living room

PROFESSIONAL 3D RENDERINGS (17 Images)

Post-rehabilitation vision - luxury finishes showcased

3D Rendering - Exterior

Complete 3D rendering collection available showcasing:

Exterior: Back, Back Left, Balcony, Front (4 angles)

Interior: Bathroom (2 views), Bedroom (2 views with mantle), Hallway, Kitchen (3 views), Living room (2 views)

💡 Pro Tip: Compare the current condition photos with the 3D renderings to see the dramatic transformation potential. This visualization package is rare in real estate investing and provides crystal-clear expectations for investors.

🎯 Investment Highlights

🔑Flexible Two-Tier Strategy - Choose your risk/return profile
📊Professional Visualization Package - Eliminates guesswork
💰Multiple Income Streams - 4 separate units = diversified risk
🏗️Historic Brick Quality - 1925 construction = solid foundation
📈Strong Value-Add Play - Clear path from current to ARV
🎯Defined Exit Strategies - Hold for cash flow OR sell post-rehab
🌆Louisville Market - Growing secondary market with strong fundamentals
🎨Turnkey Planning - H3at Consulting has done the visualization work

⚠️ Risk Assessment

Basic Rehab Risks:

Lower finishes may limit rent ceiling
May require more frequent maintenance
Attracts budget-conscious tenants
Mitigation: Focus on durability, proper tenant screening

Luxury Rehab Risks:

Higher upfront capital requirement
Extended renovation timeline
Over-improvement for market risk
Mitigation: Professional renderings validate market positioning, premium tenants reduce turnover

Both Options:

Rehab cost overrun risk (add 10% contingency)
Historic property considerations (permits, restrictions)
Contractor selection critical
Market timing
Mitigation: Experienced H3at Consulting management, detailed scopes, phased inspections

✅ Why This Deal Works

✓ Two distinct paths to profitability
✓ Basic rehab = Higher ROI, lower capital
✓ Luxury rehab = Higher cash flow, premium positioning
✓ Either option creates instant equity
✓ 4-unit configuration provides income diversification
✓ Each unit has separate kitchen, bath, living area
✓ Historic neighborhood with strong fundamentals
✓ Professional media package shows the vision
✓ Experienced development partner in H3at Consulting

📞 Next Steps

1. Schedule Property Viewing Contact: Charles Burns, Manager H3at Consulting & Development Phone: 859-494-8612

2. Access Complete Media Package - YouTube walkthrough video - Photo galleries - 3D rendering collection - Additional documentation

3. Due Diligence Checklist - Property inspection - Title search - Contractor bids (both tiers) - Rent comps verification - Financing pre-approval - Historic district requirements

4. Financing Options - Conventional investment property loan (75% LTV) - Hard money for rehab - Cash purchase + refinance - Partnership structures

5. Timeline to Close - Offer submission: 1-3 days - Due diligence period: 14 days - Closing: 30-45 days - Rehab start: Immediately post-closing