7-Door SFR Portfolio | Iroquois | Louisville, KY

Investment Overview

Seven single-family rental homes in Louisville’s Iroquois area, clustered around Inverness Ave east of Iroquois Park, with one home (2221 Parkwood Rd) on the park’s west side.​ Offered as a package at $859,750 ($122,821.43 per door).​ The pod is 100% leased, with current rents of $7,809/mo ($93,708/yr) across 2 and 3-bedroom homes built between 1923 and 1946.​ 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

• ​$7,809/mo in current rents - $93,708/yr
• ​100% leased; market-rate tenancy
• ​ Tenants pay all utilities
• ​Avg. tenant tenure of 2.6 years (31 months)
• ​7 of 7 doors with LVP or wood floors
• ​4 of 7 with HVAC replaced within ~5 years. 2 with kitchen and 2 with roof updates