The Washburn Gillespie Group, eXp Realty LLC
Listed by The Washburn Gillespie Group, eXp Realty LLC
$4,226,000
37-Door Single Family Portfolio
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 37
Tenancy Multi
Investment Type Value Add
Multifamily | 37 Units
Marketing description
This 37-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.
Investment highlights
- Institutional-Quality Portfolio: 37 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.
Listing Contacts
The Washburn Gillespie Group, eXp Realty LLC
Listed by The Washburn Gillespie Group, eXp Realty LLC
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Zoning
UR ResidentialTwo FamilyUrbanizing Residential Zone
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View all 24 uses Last updated Apr 20, 2026 For deeper zoning details, reports are available at Zoneomics
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