Sep 11, 2012 11:05 AM
LOUISVILLE (AP) - A fan of Muhammad Ali has acquired an important piece of memorabilia - the boxing great's boyhood home.
Louisville Realtor Dave Lambrechts tells The Associated Press that Las Vegas real estate investor Jared Weiss closed on the property Monday. He said Tuesday that Weiss paid $70,000 for the small white house with a sagging front porch overhang in a western Louisville neighborhood.
Lambrechts says the new owner wants to restore the home to how it looked when Ali, then known as Cassius Clay, lived in it. In front of the one-story home is a state historical marker.
Lambrechts says Weiss hasn't finalized his plans but won't use it as rental property. Among the options being considered are turning the home into a museum or using it for some charitable function.
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