4307 Elliott Ave, Louisville, KY 40211 | MLS# 1698438

Description

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.