Churchill Downs Area Rental Portfolio

Multi-Family for Sale
Catylist Listing ID: 30317108
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 8 Units
Building Size (RSF): 5,760 SF
Gross Building Area: See Agent
Sale Price: $339,000
Unit Price: $42,375 Per Unit
Property Use Type: Investment
Building Name: Nelson Holdings Churchill Downs Area Rental Portfolio
Sale Terms: Cash to Seller
Cap Rate: 10.75%
Last Updated: 11/15/2018

Overview / Comments

Five properties in the Churchill Downs Area consisting of a four-plex (Berry) and four single family homes (three on Montana & Lillian). 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 just west of Taylor Boulevard in this popular rental neighborhood. Solid existing rent roll (only one vacancy at listing to be held vacant for showing purposes - showings available 12-5 PM Monday-Friday, showings of all properties available with accepted offer). Some kitchen appliances provided by landlord. Being offered at a 10.75 CAP rate based on 2017 estimated financials, even though 2017 figures include substantial upgrade costs. Many upgrades completed in past 5 years. Don't delay - this portfolio will sell quickly. Selling in cooperation with Tyler Chesser, Gant Hill & Associates, 502-648-9523.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Metro Louisville
Tax ID/APN: Block 65G, Lot 93, Block 63J, Lots 108, 107 & 121, Block 63E, Lot 63
Zoning: R-6 - Residential Multi-Family District
Area Description: Rental portfolio in the popular Churchill Downs Area all near the corner of Berry & Taylor Boulevards convenient to downtown, Churchill Downs, the Fairgrounds and all area interstates to any portion of Metro Louisville.
Total Number of Buildings: 5
Property Condition: Good
Zoning Description: Zoning is R-6 & R-5, multi-family.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,295 130,051 287,810
Median Age: 34.08 35.83 36.45
Households: 9,650 55,150 122,034


Gant Hill & Associates, LLC

10300 Linn Station Rd. S-400
Louisville, KY 40223
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Listing Provided Courtesy of Don Erler Real Estate Broker — 502-592-8858

The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.