Muhammad Ali Childhood Home Sold To Investor - NewsChannel5.com | Nashville News, Weather & Sports

Muhammad Ali Childhood Home Sold To Investor

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FILE - This Monday, Aug. 27, 2012 file photo shows for sale signs in the front yard of Muhammad Ali s boyhood home in Louisville, Ky. (AP) FILE - This Monday, Aug. 27, 2012 file photo shows for sale signs in the front yard of Muhammad Ali s boyhood home in Louisville, Ky. (AP)

LOUISVILLE, Ky. (AP) - A fan of Muhammad Ali has acquired an important piece of memorabilia -- the boxing great's boyhood home.

Louisville Realtor Dave Lambrechts told 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 said 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 said 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.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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