Liz...I have lived in Old Louisville for 20 years on South Floyd Street and have NEVER had any type of issue. I own apartments in the Old Louisville area and have had very few incidents (a couple of car break-ins) that ever amounted to anything. You are living in a DOWNTOWN AREA...you have to pay attention and like anywhere in a large city you have to lock your doors and make sure that your valuables are not left in your car. As a single woman, I can tell you that I have never felt unsafe in this area...it is a thriving wonderful neighborhood environment. However, it is what you make it. I would suggest that you contact the Police that are located in Central Park and get the crime/safety statistics from them. Does whoever told you that it is unsafe to live here actually LIVE in Old Louisville or are they just ignorant to the real facts? Anywhere in a large city can be unsafe...anywhere in a large city has its share of crime...YOU have to decide for yourself the lifestyle that you want to lead and whether you are cut out for downtown city living. I am a full-time real estate agent and sell Old Louisville regularly.... more
I could type an extensive answer to what I perceive to be the extent of your question, but the truth is I would need to know more details about your investment goals, capital to invest, how the properties would be managed, etc., etc...
The short answer is yes, it could be a good investment, but let's take a look at the complete package and see how the numbers work out.
You can find my contact info on my profile, or my website, to further discuss...... more