This solid income-producing 6-unit apartment building is 100% occupied and already generating strong cash flow. Current monthly rental income totals $4,815 across all units:
• Apt 1 - $755
• Apt 2 - $755
• Apt 3 - $850
• Apt 4 - $755
• Apt 5 - $850
• Apt 6 - $850
Total Annual Gross Income: $57,780
Operating expenses are very manageable, with water averaging $300-$400, electric only $60-$70, and dumpster service at $115 monthly. With low overhead and stable tenants already in place, this property offers excellent cash-on-cash returns and immediate income from day one.
Highlights:
• Fully rented - no vacancy worries
• Strong rental demand in the area
• Low operating expenses
• Turnkey investment with This is an ideal opportunity for both new and seasoned investors looking for reliable monthly income and long-term appreciation.
At the current rent roll with a $385,000 sales price, this 6-plex produces a 13.4% cap rate with $51,420 in annual NOI making it an outstanding turnkey cash-flow opportunity.
We need a 24 hour notice for all showings so don't hesitate! Schedule your showing today before it is gone.
*The photos pictured are of the units that were remodeled before getting new tenants.
Under contract
$385,000
4307 Elliott Ave, Louisville, KY 40211
12beds
6baths
5,408sqft
Est.:
Apartment
Built in 1946
-- sqft lot
$-- Zestimate®
$71/sqft
$-- HOA
What's special
- 41 days |
- 84 |
- 11 |
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