10 door Single family investment portfolio

Multi-Family for Sale
Catylist Listing ID: 30837013
Property Subtypes: Low-Rise/Garden
Number of Units: 11 Units
Building Size (RSF): 9,293 SF
Gross Building Area: See Agent
Sale Price: $774,900
Unit Price: $70,445.45 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/30/2023

Overview / Comments

This would be a great addition to any investors portfolio. Portfolio consists of 10 total doors, 9 houses. 6 are leased Section 8!
The package includes:
1738 St Louis Ave 40210 2bd 1ba Section 8
810 S. 37th St Unit 1 40211 3bd 1 ba
810 S. 37th St Unit 2 40211 2bd 1ba
660 S. 26th St 40211 3bd 1ba Section 8
1700 Hale Ave Unit 1 40210 (vacant) 3bd 1ba
1700 Hale Ave Unit 2 40210 2bd 1ba Section 8
1707 Hale Ave 40210 3bd 1ba Section 8
1723 1/2 Hale Ave 40210 2bd 1ba
1792 W. Gaulbert Ave 40210 has signed contract awaiting Section 8 inspection. 2bd 1ba
1794 W. Gaulbert Ave 40210 3bd 1ba Section 8
Combined monthly rental income with 2 vacancies is $6697.00.
With all units rented it is an exceptional $8297.00 per month with room for increases upon lease expirations. The two vacant units can be easily shown. The remainder can be shown once an agreement in principle has been reached as not to disturb the current tenants. Six of the units are section 8 and the two vacancies are being actively marketed to be filled by quality tenants.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Louisville Metro
Tax ID/APN: 039C00130000
Zoning: R-1 - Residential Single Family District
Percent Occupied: 80%
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,281 144,176 282,862
Median Age: 35.18 35.19 36.29
Households: 6,803 60,239 121,126


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