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

Louisville Realtor Dave Lambrechts tells The Associated Press that Las Vegas real estate investor Jared Weiss closed on the property Monday. He said Weiss paid $70,000 for the small white house that looks in need of repair.

Lambrechts says the new owner wants to restore the home to how it looked when Ali, then known as Cassius Clay, lived in it. The one-story home already has a state historical marker in the yard.

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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