10-Door SFH Rental Portfolio - Wyandotte | Louisville, KY
10-Door Portfolio | Wyandotte | Louisville, KY
Marketing description
We are pleased to present this 10-property single-family rental portfolio located in the Wyandotte neighborhood of Louisville, KY.
The portfolio consists of 10 single-family homes totaling 11,786 SF and is offered at $1,425,000 ($142,500 per home). The unit mix primarily consist of 3 and 4-bedroom homes ranging from ~1000-1,400 SF.
The portfolio currently generates $8,837 in monthly in-place rent, with three rent-ready vacancies actively being marketed, bringing total gross potential rent to $12,437 per month ($149,244 annually) once fully stabilized.
The properties feature an average tenant tenure of approximately 22 months, market-rate tenancy, and tenants pay all utilities. Most homes have received updates including kitchen finishes, LVP/wood flooring, roof replacements, and HVAC improvements.
Recent comparable sales in the surrounding 40214 / 40215 submarkets range approximately $128,700 – $223,000 per home, supporting portfolio pricing within current neighborhood valuation metrics.
The portfolio is offered as a package only.
This is an attractive opportunity for investors seeking a value-add portfolio with lease-up upside, 1031 exchange buyers, and operators looking to expand their Louisville footprint through stabilized and near-stabilized workforce housing.
Investment highlights
Investment Highlights:
Purchase Price: $1,425,000
Price Per Home: $142,500
Total Units: 10 Single-Family Homes
Total SF: 11,786
Current Monthly Rent: $8,837
Gross Potential Rent: $12,437/month
Gross Potential Annual Income: $149,244
Average Tenant Tenure: ~22 Months
Unit Mix: 2BR / 3BR / 4BR Homes
Year Built Range: 1900 – 1998
Utilities: Tenants Pay All Utilities
Most Homes Updated: Kitchens, LVP/Wood Floors, HVAC & Roof Improvements
Portfolio Offered as a Package Only
Demographics:
Median Age: 31-37 years
Median Household Income: $52,000 - $54,000/annually
Average Household Size: ~2.9 persons
Renter Occupied Housing: 50% – 70%
Nearby Points of Interest:
Wyandotte Park
Iroquois Park
Churchill Downs
Interstate 264
Muhammad Ali International Airport
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