7-Door SFR Portfolio | Louisville, KY | 100% Occupancy

Investment Overview

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.​

Investment 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