3138 Bohannon Ave, Louisville, KY 40215

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Tyler R.

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Building Details:

3138 Bohannon Ave is amulti-family property for lease in Louisville, KY.

PRICE DECREASE of over $300,000 - Bring OFFERS. Unique investment opportunity to own 16 units near historic Churchill Downs in Louisville, KY. This offering consists of 15 separate properties (14 single family and 1 duplex) which are offered for sale together or separately. Owners willing to negotiate to desirable market cap rate.

Each of these properties enjoys historically high occupancy. With a central location, and a strong immediate rental market, these units are ideal for investors looking to grow their existing portfolio or for first time investors looking to acquire turn-key cash flow.

Individual Property Breakdown:

3138 Bohannon Ave 40215 Rent: $950/mo Units:1 Sq Ft:1500 List Price: $89,900.00 NOI: $7,882.00

3673 Woodruff Ave 40215 Rent: $800/mo Units: 1 Sq Ft: 1200 List Price: $89,900 NOI: $4,598.00

1327 Shingo Ave 40215 Rent: $700/mo Units:1 Sq Ft:800 List Price: $69,900 NOI: $5,836.76

418 Iowa Ave 40208 Rent: $600/mo Units:1 Sq Ft: 880 List Price: $59,900 NOI: $7,248.00

1223 Roadway Ave 40208 Rent: $675/mo Units:1 Sq Ft: 800 List Price: $59,900.00 NOI: $4,983.60

1301 Strader Ave 40215 Rent: $900/mo Units: 1 Sq Ft: 1000 List Price: $89,900.00 $5,776.94

1318 Lillian Ave 40208 Rent: $600/mo Units:1 Sq Ft: 750 List Price: $59,900 NOI: $6,453

1524 Shingo 40215 Rent: $575/mo Units:1 Sq Ft: 1000 List Price: $49,900 $5,808

1625 Berry Blvd 40215 Rent: $550/mo Units: 1 Sq Ft: 900 List Price:$49,900.00 NOI: $5,493

2445 Lindberg Dr 40208 Rent: $650/mo Units:1 Sq Ft: 800 List Price: $59,900 NOI: $6,250

2916 Taylor Blvd 40215 Rent: $650/mo Units:1 Sq Ft: 800 List Price: $59,900.00 NOI: $3,000

3226 Grant Ave 40214 Rent: $800/mo Units:1 Sq Ft: 1250 List Price: $59,900.00 NOI: $5,000

4030 Woodruff Ave 40215 Rent: $800.00 Units: 1 Sq Ft: 1200 List Price: $89,900 NOI: $6,307.00

420 M St 40208 Rent:$600/mo Units:1 Sq. Ft: 800 List Price: $49,900 NOI: $4,004.00

4317 Malcolm Ave 40215 Rent: $1,300/mo Units: 2 Sq Ft: 1600 List Price: $69,900.00 NOI: $7,110.00

Total Portfolio Financial Overview:
Rent: $11,150/mo
Sq Ft: 14,400
NOI: $85,750
List Price: $1,008,500
Cap Rate: 8.5%

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