10-Door SFH Rental Portfolio - Wyandotte | Louisville, KY

Louisville, Kentucky10-Door Portfolio | Wyandotte | Louisville, KY We are pleased to present this 10-property single-family rental portfolio located in the Wyandotte neighborhood of Louisville, KY. The portfolio consists of 10 single-family homes totaling 11,786 SF and is offered at $1,425,000 ($142,500 per home). The unit mix primarily consist of 3 and 4-bedroom homes ranging from ~1000-1,400 SF. The portfolio currently generates $8,837 in monthly in-place rent, with three rent-ready vacancies actively being marketed, bringing total gross potential rent to $12,437 per month ($149,244 annually) once fully stabilized. The properties feature an average tenant tenure of approximately 22 months, market-rate tenancy, and tenants pay all utilities. Most homes have received updates including kitchen finishes, LVP/wood flooring, roof replacements, and HVAC improvements. Recent comparable sales in the surrounding 40214 / 40215 submarkets range approximately $128,700 – $223,000 per home, supporting portfolio pricing within current neighborhood valuation metrics. The portfolio is offered as a package only. This is an attractive opportunity for investors seeking a value-add portfolio with lease-up upside, 1031 exchange buyers, and operators looking to expand their Louisville footprint through stabilized and near-stabilized workforce housing. Investment highlights Investment Highlights: - Purchase Price: $1,425,000 - Price Per Home: $142,500 - Total Units: 10 Single-Family Homes - Total SF: 11,786 - Current Monthly Rent: $8,837 - Gross Potential Rent: $12,437/month - Gross Potential Annual Income: $149,244 - Average Tenant Tenure: ~22 Months - Unit Mix: 2BR / 3BR / 4BR Homes - Year Built Range: 1900 – 1998 - Utilities: Tenants Pay All Utilities - Most Homes Updated: Kitchens, LVP/Wood Floors, HVAC & Roof Improvements - Portfolio Offered as a Package Only Demographics: - Median Age: 31-37 years - Median Household Income: $52,000 - $54,000/annually - Average Household Size: ~2.9 persons - Renter Occupied Housing: 50% – 70% Nearby Points of Interest: - Wyandotte Park - Iroquois Park - Churchill Downs - Interstate 264 - Muhammad Ali International Airport