APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL - GET INSTANT LOAN QUOTE AND PRE APPROVAL

Investment Opportunity: A fully occupied, 6-unit multi-family property in Louisville, KY, offering a high cap rate and strong cash flow. 100% occupancy with Section 8 tenants provides guaranteed rental income and reduced risk.
Key Highlights: Turnkey investment, 11% Cap Rate, strong NOI, and excellent location.

2. Property Overview
Address: 724 Zane St., Louisville, KY 40203
Property Type: Multi-Family (6 Units)
Occupancy: 100% (All Section 8 Tenants)
Year Built: Renovated 2021
Lot Size: 6,761 sqft
Number of Units: 6

3. Financial Summary
Purchase Price: $379,575
Net Operating Income (NOI): $42,901.56
Cap Rate: 11%
Gross Rental Income: $74,304
Operating Expenses: $31,402.44

4. Unit Breakdown
Total Units: 6
Occupancy: All units are 100% occupied by Section 8 tenants.
Unit Mix: 6 1bed/1bath units
Section 8 Advantage: Consistent, government-subsidized rental payments, minimizing vacancy risk.

5. Investment Highlights
Turnkey Investment: Fully occupied; no immediate renovations are required. Ready for immediate cash flow.
High Cap Rate: An 11% cap rate indicates a strong return on investment relative to the purchase price.
Strong Cash Flow: The high NOI of $42,901.56 supports attractive returns for investors.
Guaranteed Income: Section 8 tenancy ensures consistent rental payments directly from the government.
Reduced Vacancy Risk: Section 8 programs typically have waiting lists, minimizing potential vacancy periods.
Pre-Qualified Tenants: Section 8 tenants undergo a pre-screening process.

6. Location Highlights
Desirable Neighborhood: Located in the 40203 ZIP code, in close proximity to downtown Louisville and the University of Louisville.
Excellent Accessibility: Convenient access to major highways (I-65), public transportation, and major employment centers.

Nearby Amenities: Close to a variety of shopping, dining, parks, and healthcare facilities.
Strong Economic Growth: Louisville boasts a stable rental market and a growing economy, enhancing the long-term value of the investment.

Resources:

The listing price is based on our Cash Offer Calculator.
Run this scenario through our DSCR Calculator.
Run this scenario through our Fix and Flip Calculator.

Ready to invest? OfferMarket is a real estate investing platform featuring off-market deals, private lending, investment property insurance. Get instant loan quote and pre-approval for this listing. Start exploring deals now!

5005 Overbrook Dr, Louisville, KY 40216, USA

Photos of the property

* Takes 2 minutes, no credit pull