West End SFR Portfolio

Name: West End SFR Portfolio
Creator: SVN Menish Commercial Real Estate

111 N 44th Street, Louisville, KY 40212

$400,000

Sale Price

Lease Rate

Property Details

Property Description

Investors look no further! SVN Menish Commercial Real Estate is thrilled to present an incredible opportunity in Louisville, KY.

Introducing our newest listing: a captivating portfolio of four houses nestled in the heart of the revitalization underway in the west end of Louisville. Priced at an attractive $400,000, this investment opportunity boasts a compelling 9.5% Cap Rate.

Each unit in this portfolio comes with a different Section 8 tenant, ensuring a steady stream of guaranteed income.

Whether you're a seasoned investor looking to expand your single-family rental portfolio or a newcomer eager to dip your toes into the lucrative world of single family rental real estate, this portfolio is tailor-made for you. The west end of Louisville offers a promising rental market with ample potential for growth, making it an ideal location for investment.

Highlights

Section 8 Housing
9.5% Cap Rate
Renovated as recently as 2020
New HVAC in 2 of the 4 units
NOI $38,026.80

Map

Location Description

Portfolio contains the following addresses: 111 N 44th St, Louisville, KY 40212 , 4124 W Muhammad Ali Blvd, Louisville, KY 40212 , 4012 Greenwood Ave, Louisville, KY 40211 , 3920 Greenwood Ave, Louisville, KY 40211 .

The west end is currently experiencing a revitalization through national and local investors. Norton Hospital and Goodwill are teaming up to create an Opportunity Campus which will feature a 120,000 SF building. Norton also plans to build a 60,000 SF hospital on the campus which will be the first hospital to serve the area in over 100 years.

Stellar Snacks, a pretzel manufacturer, plans to invest $137 million and create 350 full-time jobs in the next 10 years.

Lastly, Norton built an indoor track facility in February of 2021 which involved an investment of $53 million.