The Washburn Gillespie Group, eXp Realty LLC
Listed by The Washburn Gillespie Group, eXp Realty LLC
$2,879,000
27-Door Single Family Portfolio
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 27
Tenancy Multi
Investment Type Value Add
Multifamily | 27 Units
Marketing description
This 27-door residential portfolio offers investors a rare opportunity to acquire a well-managed, geographically concentrated, and operationally efficient collection of assets across Paducah, Kentucky. The portfolio combines stable in-place income with significant value-add potential, supported by strong management systems, long-term tenants, and below-market rents.
Paducah's South Side is a vital, historically rich, and steadily evolving neighborhood, serving as the city's second major regional trade center. Its defining strengths range from major commercial employers and convenient retail hubs to unique local dining, recreation, and ongoing revitalization efforts.
Investment highlights
- Institutional-Quality Portfolio: 27 residential doors strategically located across Paducah, KY representing a cohesive, high-performing portfolio.
- Operational Efficiency: Many properties are clustered within the same streets or blocks, minimizing management complexity and reducing operational costs.
- Professional Management in Place: Managed through the AppFolio Property Management System, providing comprehensive digital records, transparent reporting, and a turnkey transition for new ownership (see page below for more details).
- Well-Maintained Assets: The portfolio has been proactively maintained with consistent capital improvements and strong attention to property condition and curb appeal.
- Established Tenant Base: High percentage of long-term tenants, reflecting stable occupancy, low turnover, and strong landlord-tenant relationships.
- Below-Market Rents: Current rental rates are below prevailing market averages, offering immediate upside potential through rent adjustments and strategic repositioning.
- Attractive Financial Metrics: Offers a competitive capitalization rate with stable cash flow and room for income growth.
- Geographically Concentrated Yet Diversified: All assets are located within a short drive of one another, allowing scale efficiencies while maintaining cross-market diversification.
- Scalable Platform Opportunity: Ideal for regional investors or portfolio expansion, supported by professional management systems and operational infrastructure already in place.
- Industrial & Commercial Hub: It is a strong economic driver, home to corporate employers like Jackson Purchase Electric, Beltline Electric, and major FedEx and UPS shipping hubs. It also lines the riverfront with notable barge and marine transport companies.
- Convenient Shopping: The neighborhood serves as a retail center offering everything from local services to bargain and bulk shopping at stores like The Shed.
- Local Eats & Entertainment: The South Side is famous for its classic dining and entertainment. Grab an old-fashioned barbecue sandwich at Harned's Drive-In or enjoy family recreation at Kingsway Skateland.
- Ongoing Revitalization: As a focus area for the City of Paducah, the South Side is seeing active beautification, housing renovations, and community-led historical empowerment programs.
- Strong Cash Flow Potential in South Area of Paducah
- Prime Paducah Portfolio Location-Minutes to Downtown and Riverfront
- Long-Term Appreciation - High-demand long term and short term rental area
- Portfolio is managed by AppFolio cloud based platform
- Below market rents offer immediate upside to investors
Listing Contacts
The Washburn Gillespie Group, eXp Realty LLC
Listed by The Washburn Gillespie Group, eXp Realty LLC
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