Courtesy: Resource Realty Partners
Matthew Brock
131 Elm - Prime mixed-use investment opportunity in the heart of Ludlow! This versatile building features two storefronts, two apartments, and an attached garages, offering multiple income streams. Major renovations have already been completed, including a brand-new roof (2023), exterior tuckpointing and painting (2023), custom storefront windows and exterior doors, and new vinyl windows on the second and third floors. Mechanical upgrades include roughed-in plumbing, Partially completed electrical, and four new HVAC systems. One apartment is almost complete, while the remainder of the building is ready for finishing. Architectural plans are fully paid for and included in the sale. This property is a prime opportunity for investors, developers, or owner-occupants looking to complete a project with much of the heavy lifting already done. Don't miss out on this unique chance to add value in a growing community!
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Ludlow is located in Kentucky. Ludlow, Kentucky has a population of 4,386. Ludlow is less family-centric than the surrounding county with 19.18% of the households containing married families with children. The county average for households married with children is 31.39%.
The median household income in Ludlow, Kentucky is $56,116. The median household income for the surrounding county is $68,503 compared to the national median of $69,021. The median age of people living in Ludlow is 38.5 years.
The average high temperature in July is 86.6 degrees, with an average low temperature in January of 21.8 degrees. The average rainfall is approximately 44.8 inches per year, with 15.2 inches of snow per year.
