7-Unit Multifamily | 12% CAP | $86,904 Annual Gross Rents – West Louisville

West Louisville Investment: 7-Unit Multifamily Building, 12% CAP Rate, $86,904 Annual Gross Rents

This stabilized seven-unit, C-Class multifamily asset offers a true turnkey opportunity for investors seeking strong cash flow and minimal management headaches. The property consists entirely of 2-bedroom, 1-bath units, each currently leased at market rates for a total monthly rent of $7,242—yielding an annual gross income of $86,904 and a robust 12% cap rate based on actual performance.

The current owner self-manages with ease from out-of-state due to consistent occupancy and a proven operating history. The building sits on a low-maintenance 0.1182-acre parcel, with washer/dryer hookups in every unit and street parking available. The tenant base is a reliable mix of Section 8 and market-rate residents, with most tenants on multi-year leases or actively renewing, ensuring predictable income with minimal turnover.

Recent capital improvements stand out: the property has benefited from fresh exterior paint and new siding, upgraded electrical panels and wiring throughout, new water heaters, significant plumbing updates, and all HVAC systems have been inspected and are in good working order. The roof has also been inspected and is reported to be in solid condition. Importantly, all units have recently been turned, and the asset has no deferred maintenance.

Operationally, this offering represents a high-performing, stabilized rental with strong demand and easy management. Detailed rent roll and trailing 18-month financials are available in the full offering memorandum.

OM Request: https://form.jotform.com/252216634383052

Investment Highlights – West Louisville 7-Unit Multifamily

• $86,904 Annual Gross Rent – $7,242/month in actual, in-place income
• 12% CAP Rate based on actual trailing 12-month performance
• Unit Mix: Seven 2-bedroom / 1-bath units – 100% occupied
• Strong Tenant Base: Combination of Section 8 and market-rate renters, most on multi-year leases or planning to renew
• Turnkey Asset: All units recently turned, zero deferred maintenance
• Extensive Recent CapEx:
  • Exterior paint and siding upgrade
  • New electrical panels and significant wiring improvements
  • New water heaters and major plumbing upgrades
  • HVAC systems inspected and in good working order
  • Roof inspected and in solid condition
• C-Class, Single-Building Asset on low-maintenance 0.1182-acre parcel
• Washer/Dryer Hookups in every unit; street parking available
• Operational Ease: Proven self-management from out-of-state ownership
• High Demand: Consistently easy to lease on turnover