Diversified, Quality Residential Investment Portfolio

Multi-Family for Sale
Catylist Listing ID: 30859305
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 49 Units
Building Size (RSF): 60,166 SF
Gross Building Area: See Agent
Sale Price: $8,750,000
Unit Price: $178,571.43 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/27/2023

Overview / Comments

This high quality residential investment portfolio consists of a mixture of single family homes, condos and duplexes that are spread across Louisville. The majority are located in quality infill neighborhoods or areas of Eastern Jefferson County with strong demographics, but all homes meet the high demand for rental housing.

The portfolio is 100% occupied with hands-on, local ownership that has heavily reinvested in the assets. Significant capital upgrades have occurred across the portfolio, and a buyer will be able to step into the shoes of current ownership seamlessly and add additional value through rental upside. An investor will maintain the opportunity to sell off certain assets into the low supply single family owner occupant market.

This investment presents the opportunity for an investor to acquire a diverse range of assets that include executive rentals in quality suburbs, condos in historic neighborhoods, and high-demand workforce housing. Louisville remains a robust rental market with a lack of supply to keep up with demand, and this portfolio offers ultimate diversification across all rental markets.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 006600180000
Zoning: R-5 - Residential Single Family District
Percent Occupied: 100%
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,704 128,793 313,818
Median Age: 37.17 37.06 37.51
Households: 9,680 59,395 137,905
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