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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.

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538 E Caldwell St, Louisville, KY 40203, USA

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