16-Door Rental Portfolio - Taylor Berry | Louisville, KY
(14) SFHs & (1) Duplex | 100% Occupancy | $225,026 annual gross income
Marketing description
We are pleased to present this 16-door rental portfolio located in the Taylor-Berry submarket of Louisville, KY.
The portfolio consists of fourteen single-family homes and one duplex (16 total units) totaling 17,100 SF, and is currently 100% occupied with $18,753 in monthly gross rent ($225,036 annually).
The portfolio features an average tenant tenure of 26.9 months, consisting of 3 and 4-bedroom homes and one duplex.
Many of the homes have been updated with either new AC units, furnaces, kitchen improvements, LVP/wood flooring, and roof replacements, totaling $226,120 in capital expenditure under current ownership.
This is an ideal acquisition for investors seeking scale in one closing, operators looking to expand their Louisville footprint, buy-and-hold cash flow investors, as well as 1031-exchange buyers.
Please reach out with questions or interest.
Due diligence material to be shared upon execution of an NDA. Leases and tours available upon execution of an LOI.
Investment highlights
Purchase Price: $2,235,000
Total Units: 16
Total SF: 17,100
Stabilized Gross Income: $225,036
Stabilized Rent Potential: Upside in select units
Unit Mix: (15) 3BR / 4BR homes & (1) Duplex
Year Built Range: 1900 – 1951
Tenancy: Market-rate
Utilities: Tenant paid
Strong Workforce Rental Location
Ideal Buyer Profile:
Investors seeking scale in one closing
1031-exchange buyers
Operators looking to expand their Louisville footprint
Buy-and-hold cash flow investors
Sale Terms:
Portfolio offered as a package
Buyer to independently underwrite operating expenses
30 days due diligence
30-45 day financing period (if applicable)
15 day closing period after contingencies are satisfied
Cash or Certified Funds to Seller at closing
Area Demographics (40208 / 40215 / 40216)
Median Age: 33–39 years
Median HH Income: ~$30,000 – $52,000/annually
Average HH Size: 2.4 – 2.6 persons
Renter Occupied Housing: 50% – 70%
Nearby Points of Interest:
Churchill Downs
University of Louisville
I-264 & I-65 access
Downtown Louisville
UPS Worldport
Muhammad Ali International Airport
Financials:
Individual financials are not available as the properties are part of a larger portfolio, purchasers to underwrite expenses independently
Supporting Due Diligence:
Rent roll and tax bills will be shared upon NDA execution, Leases to be shared upon LOI execution.
Disclaimer:
All property information contained herein has been obtained from sources believed to be reliable; however, Seller, eXp Commercial, LLC, and their respective affiliates, agents, and representatives make no warranty or representation, express or implied, as to the accuracy or completeness of any such information. Any projections, opinions, assumptions, or estimates are provided for illustrative purposes only. Prices, terms, availability, and other details are subject to change or withdrawal without notice.
Photographs, renderings, and other images are provided for illustrative purposes only and may depict finishes, fixtures, dimensions, or views that differ from the actual property. All square footages, acreage, income, expenses, NOI, rent figures, lease terms, zoning, and other property characteristics should be independently verified. Prospective purchasers and tenants are encouraged to conduct their own independent investigations, inspections, and due diligence and shall rely solely upon the results thereof.
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