4307 Elliott Ave, Louisville, KY 40211
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
4307 Elliott Ave,Louisville, KY 40211
$385,000
- 12 Beds
- 6 Baths
- 5,408 sq. ft.
- Multi-family
- Active
Listed by:lindsey stewart
Office:pride realty
MLS#:1698438
Source:KY_MSMLS
Price summary
- Price:$385,000
- Price per sq. ft.:$71.19
About this home
This solid income-producing 6-unit apartment building is 100% occupied and already generating strong cash flow. Current monthly rental income totals $4,815 across all units:
• Apt 1 - $755
• Apt 2 - $755
• Apt 3 - $850
• Apt 4 - $755
• Apt 5 - $850
• Apt 6 - $850
Total Annual Gross Income: $57,780
Operating expenses are very manageable, with water averaging $300-$400, electric only $60-$70, and dumpster service at $115 monthly. With low overhead and stable tenants already in place, this property offers excellent cash-on-cash returns and immediate income from day one.
Highlights:
• Fully rented - no vacancy worries
• Strong rental demand in the area
• Low operating expenses
• Turnkey investment with This is an ideal opportunity for both new and seasoned investors looking for reliable monthly income and long-term appreciation.
At the current rent roll with a $385,000 sales price, this 6-plex produces a 13.4% cap rate with $51,420 in annual NOI making it an outstanding turnkey cash-flow opportunity.
We need a 24 hour notice for all showings so don't hesitate! Schedule your showing today before it is gone.
*The photos pictured are of the units that were remodeled before getting new tenants.
Contact an agent
Home facts
- Year built:1946
- Listing ID #:1698438
- Added:7 day(s) ago
- Updated:September 18, 2025 at 04:41 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:6
- Living area:5,408 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:FORCED AIR, Natural gas
Structure and exterior
- Year built:1946
- Building area:5,408 sq. ft.
- Lot area:0.22 Acres
Finances and disclosures
- Price:$385,000
- Price per sq. ft.:$71.19
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