Sqft: 4,905
Acres: 0.27
Description
Presenting a well-maintained, fully stabilized six-unit investment property offering immediate, strong in-place cash flow. Generating approximately $86,100 in annual gross rental income, this turnkey asset is perfectly positioned for investors seeking reliable, consistent returns coupled with long-term appreciation potential.
With all six units currently occupied, this property provides a solid foundation for your real estate portfolio, along with a clear pathway to enhance returns through strategic asset management and operational efficiencies.
Highlights:
- 6-Unit Multi-Family Investment Property
- Fully Stabilized with 100% Occupancy
- Strong In-Place Cash Flow
- $86,100 Annual Gross Scheduled Income
- $7,175 Current Monthly Income ($900 - $1,800/unit)
- Well-Maintained & Turnkey Asset
- Value-Add Potential via Operational Efficiencies
- Ideal for 1031 Exchange or Portfolio Expansion
- Convenient Access to Downtown Louisville
- Close to Major Employers & Interstate Highways
- Located in an Established Rental Market
Financial Snapshot
- Total Units: 6
- Occupancy Status: 100% Stabilized
- Annual Gross Scheduled Income: $86,100
- Current Monthly Income: $7,175
- Unit Rent Range: $900 - $1,800 / month
Investment Highlights
- Strong In-Place Cash Flow: Benefit from an established tenant base providing immediate and reliable income from day one.
- Value-Add Potential: Opportunity to push long-term appreciation and maximize yield through continued operational efficiencies.
- Versatile Acquisition: An ideal target for 1031 exchange buyers, seasoned investors looking for strategic portfolio expansion, or first-time buyers entering the multi-family space.
- Well-Maintained: Carefully managed and maintained, making it a highly attractive, stabilized asset in the local market.
Location Advantages
Strategically located in one of Louisville's established rental markets, the property offers exceptional convenience for tenants, ensuring strong historical and future rental demand:
- Central Connectivity: Quick and convenient access to downtown Louisville.
- Employment Hubs: Close proximity to the region's major employers.
- Transit Friendly: Easy access to major interstate highways and public transportation networks.
Due Diligence Materials Available
Comprehensive documentation is available for serious buyers to facilitate a smooth underwriting process. Available upon request:
- Current and historical rent roll
- Comprehensive lease summaries
- Detailed operating expenses
- Property tax and insurance information
- Additional financial documentation
Don't miss this excellent opportunity to acquire a robust, income-producing asset in a thriving Kentucky market.
Details
- Property Type: Condo