For Sale
7-Door SFR Portfolio | Louisville, KY | 100% Occupancy
1404 Paul Ave | Louisville, KY 40215-1936, US
price$947,725
property typeCommercial Sale
highlights
•$8,945/mo in current rents; $107,340/yr
•100% leased; market-rate tenancy
•Tenants pay all utilities
•Average tenant tenure of 0.8 years (9) months
•6 of 7 doors with LVP or wood floors
•2 of 7 doors with HVAC replaced within the last 5 years; 4 kitchen and 3 roof updates
property
details
STATUSActive
SALE PRICE PER UNIT$947,725
PROPERTY TYPECommercial Sale
BUILDING SIZE8,701 SF
LOT SIZE0.1245 acres
SALE PRICE$947,725
ZONINGR5
DAYS ON MARKET114
property
description
Seven single-family rental homes in Louisville’s Wyandotte / Jacobs / Wilder Park area, south of Churchill Downs and north of the Watterson Expressway (I-264), between Taylor Blvd and S 3rd St. Offered as a package at $947, 725 ($135, 389.29 per door). The pod is 100% leased, with current rents of $8, 945/mo ($107, 340/yr) across 2, 3 and 4-bedroom homes built between 1900 and 1941. The homes are part of a larger portfolio, so property-level operating expenses are not separately itemized. Buyers should underwrite expenses independently. Individual homes are not priced separately.
location
description
1404 Paul Ave | Louisville, KY 40215-1936, US
Louisville, Kentucky
Dylan Gilezan
KY #274341
(502) 648-7874
Samuel Higdon
KY #266524
(502) 235-0629
Sam Griffin, CCIM, CBI, NACREP
KY #207824
(502) 640-3622