$469,000
FOR SALE514 Wapping St, Frankfort, KY 40601
Frankfort, Ky, 40601
MLS #1728750
Subdivision: Downtown
Building: -
7 Beds
-/- Baths
- sqft
$ - /sqft
00% Occupied! Excellent opportunity to acquire a fully leased four-unit investment property in one of Historic Downtown Frankfort's most desirable neighborhoods. This exceptionally maintained property leased all four apartments at market rents in just four days, demonstrating the strong demand for quality rental housing in this location. Owned by the same family for three generations, the building has benefited from numerous recent capital improvements, including a newer roof, professional exterior painting, updated electrical service, and new water heaters. This is a stable, turnkey investment with no known deferred maintenance. Current gross rental income is $4,810 per month ($57,720 annually). Owner pays approximately $500 per month for water, electric, sewer, and trash.
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Listing Courtesy of: Marshall Lane Real Estate
