Three Single Family Rental Home Portfolio in Lyndon Neighborhood
Multi-Family
for Sale
| Catylist Listing ID: |
30872462 |
| Number of Units: |
3 Units |
| Building Size (RSF): |
3,900 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$695,000 |
| Unit Price: |
$231,666.67 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/11/2024 |
Overview / Comments
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For sale is this fully rented three unit portfolio of rental homes in Lyndon neighborhood. All three homes are 2001 construction originally built as 3BR/2.5BA with two of the garages converted to 4th bedrooms. All homes have new owens corning Duration shingle roofs with limited lifetime warranties. All have central HVAC and various updates over the past two years. Market rents for comparable houses are $1,800/home or $5,400 monthly in total rents. Homes listed as a portfolio but can be purchased individually as well. Portfolio is perfect for a 1031 exchange into Louisville area in great zip code experiencing growth and a shortage of housing. Homes are post 1978 construction so investors don't have to consider lead paint restrictions. Addresses for homes are 1814 Pershing Ave, 8803 Riley Ave and 9007 Riley Ave in Louisville, KY 40242.
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Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
027401090003 |
| Zoning: |
R-5 - Residential Single Family District |
| Percent Occupied: |
100% |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,309 |
89,194 |
195,986 |
| Median Age: |
36.75 |
41.09 |
41.28 |
| Households: |
6,280 |
39,711 |
85,563 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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