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  • Price$3,350,000
  • Sq. Ft.49,231

6614 Evangeline, Louisville

This offering includes a portfolio of 15 duplexes, all concentrated within a few blocks of an established South Louisville neighborhood, plus four single family rental homes, for a total of 34 rental units. Significant upgrades have been made to most of the properties, including bathroom and kitchen remodels, new roofs, new mechanicals and new flooring.The portfolio has been professionally managed, with new leases being put in place that demonstrate the potential to raise rents to market rate. Vacancies have been quick to fill, with quality tenants. Due to the nature of the assets, operating expenses are low. The Louisville single-family and residential investment market is enjoying strong demand due to extraordinary rent growth, home value appreciation, low housing supply, and hiThis offering includes a portfolio of 15 duplexes, all concentrated within a few blocks of an established South Louisville neighborhood, plus four single family rental homes, for a total of 34 rental units. Significant upgrades have been made to most of the properties, including bathroom and kitchen remodels, new roofs, new mechanicals and new flooring. The portfolio has been professionally managed, with new leases being put in place that demonstrate the potential to raise rents to market rate. Vacancies have been quick to fill, with quality tenants. Due to the nature of the assets, operating expenses are low. demand from investors. Offering highlights include: > 34 units, including 15 duplexes and 4 single families > Well maintained, upgraded properties > Opportunity to add value by pushing rents to market rate > Low operating costs: All tenants are responsible for their own water, LGE, and lawn care Please fill out the linked Confidentiality Agreement to access a rent roll and additional information.

Essential Information

  • MLS® #1612395
  • Price$3,350,000
  • Bathrooms0.00
  • Square Footage49,231
  • TypeMultifamily
  • Sub-TypeDuplex
  • StatusActive

Amenities

  • UtilitiesCity Sewer

Listing Details

  • Listing OfficePrg Commercial Property Advisors

Community Information

  • Address6614 Evangeline
  • AreaAuburndale/Fairdale/Iroquois Prk/Shively
  • SubdivisionNONE
  • CityLouisville
  • CountyJefferson
  • StateKY
  • Zip Code40214

Exterior

  • Exterior FeaturesDeck
  • RoofShingle
  • ConstructionVinyl
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