Four Single Family Rental Home Portfolio in Lyndon Neighborhood

Multi-Family for Sale
Catylist Listing ID: 30872462
Number of Units: 4 Units
Building Size (RSF): 5,200 SF
Gross Building Area: See Agent
Sale Price: $995,000
Unit Price: $248,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2024

Overview / Comments

For sale is this fully rented four unit portfolio of rental homes in Lyndon neighborhood. All four homes are 2001 construction originally built as 3BR/2.5BA with two of the garages converted to 4th bedrooms. All four homes have new owens corning Duration shingle roofs with limited lifetime warranties. All have central HVAC and various updates over the past 23 years. Market rents for comparable houses are $1,800/home or $7,200 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, 9005 Riley Ave and 9007 Riley Ave in Louisville, KY 40242.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 027401090003
Zoning: R-5 - Residential Single Family District
Percent Occupied: 100%

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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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