100907 . 306 Multi Louisville KY

11-08-2021
11-17-2021

100907 . 306 Multi Louisville KY, Louisville, KY 40211

  • ​For more information visit www.SFRhub.com and search for portfolio 100907
  • 304-unit multi-family portfolio with 2 finished lots scattered about the west side of Louisville, KY
  • The portfolio is 100% leased to fully vetted tenants
  • The majority of the tenants are Section 8
  • The average unit is 902 square feet
  • The portfolio is professionally managed, and the service provider remains in place for a transitional period
  • Portfolio acquired between 2005 and 2015
  • Average vintage of 1969. Built between 1875 - 2000
  • In-place NOI of $1,833,031 and Year 1 Stabilized NOI of $2,243,973
  • ​Value-add opportunity with rents that are 20% below current market rents 
  • ​40% of Louisville residents are renters 
  • ​Louisville rents are 4% in the last twelve months 
  • ​The cost of living is 6% below the national average 
  • ​The median household income is $63,800 
  • ​Louisville is a Top 10 place to buy rental properties – Motley Fool 
  • ​All SVN® Offices Independently Owned & Operated
  • ​Local Broker License Information: www.SFRhub.com/realstatelicensing

Property Description

For more information visit www.​SFRhub.​com and search for portfolio 100907

Contact:

TOM JOHNSTON

Director of Brokerage Services

SVN | SFRhub Advisors

T: 602.825.1780

C: 602.403.3695

tom.​johnston@svn.​com

License #: BR507919000

BOR:

Bill Menish

SVN | Menish Commercial Real Estate

Owner / Managing Director

SVN | SFRhub Advisors is pleased to exclusively offer to qualified investors the opportunity to purchase a portfolio of 24 scattered multi-family properties containing 304 units and 2 finished lots in Louisville, KY. This portfolio is a great opportunity for an investor to scale immediately in a growing tertiary market. The portfolio is 100% leased and the majority of the tenants are Section 8, providing the investor with guaranteed rental income. With an average dwelling size of 902 square feet, the homes were constructed between 1875 and 2000 with an average vintage of 1969. 

The seller purchased the properties over a period of a decade beginning in the mid-2000s. The properties were renovated when acquired and included significant capital to get them tenant-ready. The portfolio is professionally managed by a third-party provider who has reported that they would remain in place for a transitional period after the sale. There is little deferred maintenance required because the seller has meticulously maintained the portfolio. 

Year 1 Stabilized Net Operating Income is projected at $2,243,973

All SVN® Offices Independently Owned & Operated
Local Broker License Information: www.SFRhub.com/realstatelicensing

Key Property Information

Listing Status
Available
Multifamily type
Garden Style
No. of Units
310
Year Built
0
Buildable Sq Ft
276078.00
Opportunity Zone
Off
Buy Side Fee
50%
Price per unit
$ 0
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38.237198, -85.823025

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