11-Door Rental Portfolio | Louisville, KY | 100% Occupancy

Investment Overview

Eleven rental doors - nine single-family homes and one duplex (956 Burton Ave) in Louisville’s Taylor-Berry area, between Churchill Downs and the University of Louisville, with quick access to I-65 and Taylor Blvd.​ Offered as a package at $1,459,734.37 ($132,703.13 per door).​ The portfolio is 100% leased, with current rents of $12,338/mo ($148,056/yr) across 2, 3 and 4-bedroom homes built between 1900 and 1950.​ 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

• ​12,338/mo in current rents - $148,056/yr
• ​100% leased; market-rate tenancy
• ​Tenants pay all utilities
• ​Avg. tenant tenure of 2.6 years
• ​11 of 11 doors with LVP or wood floors
• ​8 of 11 with HVAC replaced within ~5 years; 5 kitchen and 3 roof updates