Investment opportunity!!! Three duplexes and a single family home in Louisa, Kentucky. Shopping and restaurants nearby. Each unit is rented at $450 cash for a total monthly gross rent of $3,150. There is a property management fee of 10% of monthly income. The manager is tasked with collection of rents, quarterly inspections and overseeing repairs to the interior of the units as well as maintaining a 100% occupancy rate. Each duplex is 1,700 total square feet. The single family home is approximately 1,100 square feet. Tenants pay all utilities. Seasonal lawn care fee is $85 per month. This fee is expected to raise to $100. Each unit is 2 bedroom, kitchen, living room and laundry room. One duplex is vinyl sided as is the single family home. The other pair of duplexes is wooden siding. Pressure washing, paint, gutters and downspouts would go a long way as for cleaning up the exteriors. Additional off-street could easily be added. Owner supplies: refrigerator, range and window A/C units. Tenants furnish their own washer and dryer. All units are heated by vent-free gas wall heaters.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
