Mattingly Drive, Henderson, KY 42420

Current rent for each unit is $774 a month, units usually see an increase from HUD by 2% annually. Located on a quiet street in Henderson, Kentucky, this six-unit duplex portfolio offers an investment opportunity with an approximate 9% capitalization rate at the current asking price. Each unit features two bedrooms and one bathroom. The properties participate in the Section 8 housing program, with approximately nine years remaining on a 10-year agreement signed by the current owners one year ago. Financial documents are available online for review. All prospective buyers must provide a lender-issued financing prequalification letter before scheduling a showing. The buyer must be approved by the seller and should allow 60-120 days for HUD approval as part of the transaction process. There are 6 different properties: 1422 Mattingly Drive 1428 Mattingly Drive 1432 Mattingly Drive 1436 Mattingly Drive 1440 Mattingly Drive 1446 Mattingly Drive