Updated over 5 years ago on . Most recent reply
Turnkey Highlands Multifamily - 6% CAP rate (Louisville, KY)
We're looking to divest of a great investment property in the heart of the Highlands on Bardstown Road in Louisville, KY. We've held this property in our portfolio for ~5 years and are considering a sale due to it being logistically separated from the rest of our operations. This is a turnkey property. No deferred maintenance, no tenant or rent collection issues, easy to manage and maintain with clean financials. There is possible upside with a conversion of some or all units to AirBnB and/or first floor to commercial space. Trailing twelve month NOI is just shy of $35K. Let me know if anybody in BP nation is interested before we list with a broker, I'm happy to provide financials photos and anything else needed to review.