Description
Value-add 14-unit multifamily investment opportunity in West Louisville. The property consists entirely of 1-bedroom, 1-bath units, with 12 units approximately 550+ SF and 2 units approximately 800+ SF. Currently generating ~$8,000/month in gross income with four vacancies, including two recently renovated units now in lease-up, offering immediate upside through stabilization and rent normalization. Market rents are $800+ for market tenants (tenant-paid gas and electric) and $950+ for Section 8 (gross). Each unit is individually metered for LG&E, with water/sewer common. Recent ownership upgrades help reduce near-term CAPEX. Convenient location with quick access to I-264 and major Louisville corridors, positioned in an area seeing continued community investment and redevelopment.
Location
Listed By
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Listing Office: Colliers
