4307 Elliott Ave

Description

Six-unit multifamily investment opportunity in Louisville with immediate value-add potential. This property currently generates $3,130/month in rental income with only four of the six units occupied, giving the next owner an opportunity to significantly increase revenue through lease-up of the two vacant units. At a list price of $380,000, that's just over $63,000 per unit for a six-unit building with existing cash flow and additional income upside already built in. The property offers a straightforward path for an investor looking to grow a multifamily portfolio: acquire an income-producing asset, fill the remaining vacancies, and work toward stabilizing all six units. With 12 bedrooms, 6 bathrooms and approximately 5,408 finished square feet, the building provides meaningful scale without stepping into a large apartment complex. Located in an established rental area with convenient access to major Louisville employment, transportation and amenities. Four units are currently occupied and producing income, while two vacant units provide the opportunity for a new owner to place tenants and capture additional cash flow. Whether you're expanding an existing portfolio or moving from smaller residential investments into multifamily, this property offers an attractive combination of current income, unit count and upside potential. Schedule your showing and run the numbers.