3610-3614 Del Park Ter Immeuble residentiel 10 lots 845 613 € (84 561 €/Lot) Taux de capitalisation 9,08 % Louisville, KY 40211

3610-3614 Del Park Terrace | 14-Unit Multifamily Investment Opportunity
Seize a premier value-add opportunity in the heart of West Louisville. This 14-unit apartment complex, comprised entirely of 1-bedroom layouts, is perfectly positioned for an investor looking to capture immediate equity through rent normalization and strategic leasing.
Investment Highlights:
Significant Upside: Opportunity to increase cash flow by bringing below-market rents to current standards .
Turnkey Units: Of the 4 current vacancies, two have been fully renovated ("turned") and are currently in the leasing process.
Recent Upgrades: The owner has completed several capital improvements to the building, reducing immediate CAPEX requirements for the buyer .
Strong Current Income: Generating approximately $8,000 in monthly gross revenue despite current vacancies [2].
Please see below a couple comments on the listing Investment Highlights:
Significant Upside: Opportunity to quickly increase cash flow by leasing currently vacant units at market rates
Turnkey Units: Of the 4 current vacancies, two units will be available turnkey or pre-leased at market rates at closing.
Well-Established in-place Rents: Seasoned In-place leases at $800+ monthly rent for market rate tenants (tenant paid Gas & Electric), and $950+ rent for Section 8 tenants (gross)
Recent Upgrades: The owner has completed several capital improvements to the building, reducing immediate CAPEX requirements for the buyer
Strong Current Income: Generating approximately $8,000 in monthly gross revenue despite current vacancies

Location & Connectivity:
Situated with exceptional logistics, the property offers immediate access to I-264, ensuring easy commutes across the city . It is located in high-growth West Louisville, placing it in the direct path of progress near major new developments and community revitalization projects .
Listing Details:
Property Type: Multifamily (14 Units) Each unit has a separate LG&E meter billed separately, while water/sewer is common
Unit Mix: 14 One-Bedroom / One-Bath Units Large units: 12 of the 14 units are 550+ SF, and 2 units are 800+ SF
Location: West Louisville Industrial/Residential Corridor