South Third Street Corridor Rental Portfolio
|Catylist Listing ID:
Duplex/Fourplex, Low-Rise/Garden, Other
|Number of Units:
|Building Size (RSF):
|Gross Building Area:
||$38,750 Per Unit
|Property Use Type:
||South Third Street Corridor Rental Portfolio
||Cash to Seller
Overview / Comments
Four properties in the South Third Street Corridor near Churchill Downs consisting of a five-plex (4001 South 3rd), an eight-plex (3944-46 South 3rd), a duplex (4103 South 3rd), and a single family home (4118 South 3rd). Seller can make this portfolio larger with additional owned rental properties nearby and elsewhere and will consider offers on individual properties in the portfolio. All are located within 2 blocks of one another in this popular rental neighborhood. Solid existing rent roll (only two vacancies and three units that need completion work) at listing to be held vacant for showing purposes - showings available 12-5 PM Monday-Friday, (showings of all properties available with accepted offer). Most kitchen appliances provided by landlord. Being offered at a 9 CAP rate based on 2017 estimated financials, even though 2017 figures include substantial upgrade costs. Many upgrades completed in past 5 years. CHECK THE DOCUMENTS TAB ON THE PORTFOLIO WEBSITE FOR A COMPLETE LIST OF PROPERTY IMPROVEMENTS AND FURTHER WORK NEEDED ON INCOMPLETE UNITS.
Don't delay - this portfolio will sell quickly.
Attachments & Media
||Block 55E, Lot 16 (36944-46) and Block 55G, Lot 28 (4001), Lot 77 (4118) and Lot 87 (4103)
||R-6 - Residential Multi-Family District
||All four properties within 2 blocks of each other in this popular rental neighborhood.
||Rental portfolio in the popular South Louisville, South Third Street corridor near Churchill Downs convenient to downtown, Churchill Downs, the Fairgrounds and all area interstates to any portion of Metro Louisville.
|Total Number of Buildings:
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