Rental Portfolio For Sale

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30835287
Status: Pending
Number of Units: 51 Units
Building Size (RSF): 42,725 SF
Gross Building Area: See Agent
Sale Price: $6,597,100
Unit Price: $129,354.90 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2023

Overview / Comments

We are pleased to present for sale Hy-Jack Company’s portfolio of properties located in the south end of Louisville, Kentucky. With 43 properties and 95.0% occupancy, easy access to the University of Louisville, Louisville International Airport, UPS, and Downtown Louisville, the Company’s portfolio provides an investor with a stable cash flow from long-term tenants in strategic locations predominantly surrounding the historic Churchill Downs Racecourse.

Accumulated over thirty years, the Company’s properties include single-family, duplexes, multi-family, apartments, and vacant land. Completely renovated or built new at the time of the company’s initial investment, the Company’s portfolio of homes offers potential buyers an exclusive opportunity to acquire the premier residences of the neighborhood. Located in the heart of the City of Louisville, the properties have provided a stable tenant base with high occupancy and high tenant retention. The properties have been maintained and upgraded throughout the Company’s tenure.

Hy-Jack Company’s portfolio offers a well-capitalized investor with the unique opportunity to acquire a stable and centralized set of properties with higher rent revenue potential. For developers, opportunities for a hotel, retail, commercial, or other development serving the iconic Churchill Downs racecourse abound.

This rental portfolio includes 33 single family homes, 14 apartments, 2 duplexes, and 1 vacant lot. This portfolio is divided into three groups: Churchill Downs Properties, St. Joseph Properties, and Other Properties.

Most of the properties are occupied by tenants, allowing an investor to quickly add value to their assets and portfolio. A thorough valuation was compiled, including specific details on each property, and will be provided upon request.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 050HSROW0000
Zoning: R-1 - Residential Single Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,336 149,710 300,864
Median Age: 32.14 35.77 36.76
Households: 7,806 64,806 128,547
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