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Potential Double Digit Cash on Cash Cow 952 S 6th St 5 Unit Apartment Building $449,670 CAD ($89,934 CAD/Unit) Louisville, KY 40203
Investment Highlights
- Double digit cash on cash return potential!
- Easy value add opportunity!
- High demand rental market!
Executive Summary
This building has been professionally managed for decades. It was previously 100% occupied by long term tenants for over three years at $3,875/month combined rents. The current owners decided to vacate the building to allow for the next buyer to make improvements and lease up at market rates (PMOL predicts a minimum of $850/mth or $4,250 combined). The current owners have replaced the roof and added mini split HVAC systems. 4 of the 5 units have been recently cosmetically renovated. The value add opportunity: separate electric meters. Current owners are in the process of obtaining bids to allow the new owners to easily make this investment into the building. There's plenty of room in the rear to create off street parking via alley access. This large, brick and stone building has great bones and spacious, in demand units. Property Mgmt of Louisville is ready to lease up the building for the next owner. Historical rent roll, pro forma financials, and rent comps are available upon request.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $449,670 CAD | Building Class | C |
| Price Per Unit | $89,934 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,250 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2021 |
| Property Subtype | Apartment | Cross Streets | W Kentucky St |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | TNZD-TRADI | ||
| Price | $449,670 CAD |
| Price Per Unit | $89,934 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,250 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1928/2021 |
| Cross Streets | W Kentucky St |
| Opportunity Zone |
Yes |
| Zoning | TNZD-TRADI |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 3 | - | - |
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 029E00650000 | Total Assessment | $269,802 CAD (2025) |
| Land Assessment | $27,672 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $242,130 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
029E00650000
Land Assessment
$27,672 CAD (2025)
Improvements Assessment
$242,130 CAD (2025)
Total Assessment
$269,802 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Potential Double Digit Cash on Cash Cow | 952 S 6th St
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