West End SFR Portfolio

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30867604
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 4,049 SF
Gross Building Area: See Agent
Sale Price: $400,000
Unit Price: $100,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.51%
Average Occupancy Rate: 100
Last Updated: 4/17/2024

Overview / Comments

Investors look no further! SVN Menish Commercial Real Estate is thrilled to present an incredible opportunity in Louisville, KY.

Introducing our newest listing: a captivating portfolio of four houses nestled in the heart of the revitalization underway in the west end of Louisville. Priced at an attractive $400,000, this investment opportunity boasts a compelling 9.5% Cap Rate.

Each unit in this portfolio comes with a different Section 8 tenant, ensuring a steady stream of guaranteed income.

Whether you're a seasoned investor looking to expand your single-family rental portfolio or a newcomer eager to dip your toes into the lucrative world of single family rental real estate, this portfolio is tailor-made for you. The west end of Louisville offers a promising rental market with ample potential for growth, making it an ideal location for investment.

For more information visit our wesbite svnmenish.com

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 009G00100000
Zoning: R-5 - Residential Single Family District
Percent Occupied: 100%
Property Located Between: 44th St. and W Main St.
Airports: SDF
Site Description: Portfolio contains the following addresses: 111 N 44th St, Louisville, KY 40212 , 4124 W Muhammad Ali Blvd, Louisville, KY 40212 , 4012 Greenwood Ave, Louisville, KY 40211 , 3920 Greenwood Ave, Louisville, KY 40211 .
Area Description: The west end is currently experiencing a revitalization through national and local investors. Norton Hospital and Goodwill are teaming up to create an Opportunity Campus which will feature a 120,000 SF building. Norton also plans to build a 60,000 SF hospital on the campus which will be the first hospital to serve the area in over 100 years. Stellar Snacks, a pretzel manufacturer, plans to invest $137 million and create 350 full-time jobs in the next 10 years. Lastly, Norton built an indoor track facility in February of 2021 which involved an investment of $53 million.
Total Number of Buildings: 4
Property Condition: Average
Number of Stories: 1
Year Built: 1920
Year Renovated: 2019
Parking Type: Surface
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,694 86,856 214,025
Median Age: 37.27 35.11 36.68
Households: 5,785 34,525 90,045
© Copyright 2024 Moody's. All Rights Reserved. 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.