Louisville Cash Flow & Equity Portfolio – 3 Properties for $200,000!

Louisville Cash Flow & Equity Portfolio – 3 Properties for $200,000!

$200,000

Location


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Louisville, KY 40210-40212

Details
  • Type: house
  • Bedrooms: 8
  • Bathrooms: 4
  • Square Feet:
  • Total Units: 3
Description

Investor Alert

Unlock immediate cash flow and significant equity with this exclusive 3-property portfolio in Louisville, Kentucky! This tenant-occupied package offers a rare opportunity to acquire three single-family homes at a discounted price of $200,000, with a combined After-Repair Value (ARV) of approximately $387,000–$407,000.

Portfolio Overview

Unit 1

  • 1,505 sq ft, 5 bed, 3 bath, 2-bay detached garage
  • Tenant-occupied (10 years)
  • Current rent: $900/month (market: $1,150/month; Section 8 FMR: $2,248/month)
  • ARV: $180,000–$190,000
  • Cap rate: ~14% (Section 8)

Unit 2

  • 672 sq ft, 2 bed, 1 bath
  • New roof, furnace, & water heater
  • Tenant-occupied
  • Current rent: $600/month (market: $750/month; Section 8 FMR: $1,301/month)
  • ARV: $80,000–$90,000
  • Cap rate: ~18.5% (Section 8)

Unit 3

  • 1,078 sq ft, 3 bed, 1 bath
  • Market rent: $1,150/month
  • ARV: $127,000
  • Rehab estimate: TBD based on finishes

Financial Highlights

  • Purchase Price: $200,000 for all three properties
  • Combined ARV: $387,000–$407,000
  • Equity Potential: Up to $187,000–$207,000 post-rehab
  • Current Monthly Rent: $2,650 (weighted average)
  • Market Monthly Rent: $3,050 (conservative estimate)
  • Section 8 Potential: Up to $4,699/month (FMR for 5-bed, 2-bed, 3-bed)
  • Cap Rate: ~15% (blended, market & Section 8)

    • Why This Deal?

  • Cash Flow Machine: Immediate rental income with upside via market or Section 8 rents.
  • Equity Play: Significant ARV upside with light to moderate rehab.
  • Strong Comps:
    • Unit 1
      • 2318 W Kentucky St (1,118 sq ft) sold 1/21/25 for $127,500
      • 2126 Grand Ave (900 sq ft) sold 4/10/25 for $163,500
      • 2221 Hale Ave (1,565 sq ft) sold 3/7/25 for $170,000
    • Unit 2
      • 300 N 36th St (850 sq ft) sold 3/28/25 for $140,000
      • 140 N 38th St (977 sq ft) sold 1/15/25 for $112,000
      • 3911 Jewell Ave (1,069 sq ft) sold 12/27/24 for $109,000
    • Unit 3
      • 2804 Montgomery St (1,830 sq ft) sold 11/20/24 for $195,000
      • 2713 Northwestern Pkwy (832 sq ft) sold 4/2/25 for $119,600
    • Stable Tenancy: Two long-term tenants; third property ready for immediate rental.
    • Section 8 Upside: Louisville’s strong Section 8 program boosts cash flow.

    Rental Market Support

    • Unit 1: Nearby rentals at $1,194–$1,250/month (3-bed).
    • Unit 2: Comparable rentals at $795–$950/month (2-bed).
    • Unit 3: Nearby rentals confirm $1,150–$1,250/month (3-bed).

    Act Fast!

    Offered as a single purchase and sales agreement. First come, first served – reach out now to secure this deal!