3242 Orchard Manor Cir, Louisville, KY 40220

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Building Details:

• Year Built: 1971

3242 Orchard Manor Cir is located in Louisville, KY.

Exellent East End Multifamily Investment Offering. 9% cap rate. Enjoy strong economic performance, strong fundamentals in Louisville multi-family market by owning this quality, well maintained 24 unit property in the Hikes Point neighborhood of Louisville. This property is located in a high-demand area, and has experienced many upgrades by the current owner. These upgrades include new thermo-windows, new insulation in the attic, common area upgrades that include carpet and entrance doors, and upgrades in many individual units. The property offers a convenient mixture of 12 one bedroom and 12 two bedroom apartments (appeal to many rental demands and price points!). The buiding currently enjoys 100% occupancy. Fundamentals are currently strong and the future is bright for multi-family housing. Step in and enjoy the benefits of ownership with this well maintained asset. Current rent roll: $148,080 per annum; Property NOI: $86,574