Value Add 14 Unit Multifamily

3610-3614 Del Park Terrace | 14-Unit Multifamily Investment Opportunity

Seize a premier value-add opportunity in the heart of West Louisville. This 14-unit apartment complex, comprised entirely of 1-bedroom layouts, is perfectly positioned for an investor looking to capture immediate equity through rent normalization and strategic leasing.

Investment Highlights:

• Significant Upside: Opportunity to increase cash flow by bringing below-market rents to current standards .
• Turnkey Units: Of the 4 current vacancies, two have been fully renovated ("turned") and are currently in the leasing process.
• Recent Upgrades: The owner has completed several capital improvements to the building, reducing immediate CAPEX requirements for the buyer .
• Strong Current Income: Generating approximately $8,000 in monthly gross revenue despite current vacancies
• Well-Established in-place Rents: Seasoned In-place leases at $800+ monthly rent for market rate tenants (tenant paid Gas & Electric), and $950+ rent for Section 8 tenants (gross)

Location & Connectivity:
Situated with exceptional logistics, the property offers immediate access to I-264, ensuring easy commutes across the city . It is located in high-growth West Louisville, placing it in the direct path of progress near major new developments and community revitalization projects .

Listing Details:

• Property Type: Multifamily (14 Units) Each unit has a separate LG&E meter billed separately, while water/sewer is common
• Unit Mix: 14 One-Bedroom / One-Bath Units Large units: 12 of the 14 units are 550+ SF, and 2 units are 800+ SF
• Location: West Louisville Industrial/Residential Corridor

To access financials and rent roll please copy and paste the link below:

https://connect.prgproperty.com/deal-room/353?signature=76d577768aafa6ce23eb9b62042ff0574dff58555dfe3d90c5e9f87ab11d51e9