514 Wapping Street, Frankfort, KY 40601
514 Wapping Street, Frankfort, KY 40601
514 Wapping Street, Frankfort, KY 40601
514 Wapping Street, Frankfort, KY 40601
514 Wapping Street, Frankfort, KY 40601
514 Wapping Street, Frankfort, KY 40601

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Additional details
Wes Williams

Wes Williams

+1(606) 627-1764
$ 469,000

7 Beds

5 Baths

4,984 SqFt

Save
$ 469,000
Save

7 Beds

5 Baths

4,984 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,984 sqft

Price per Sqft $94

Subdivision Downtown

MLS Listing ID 26005492

Bedrooms 7

Full Baths 5

Lot Size 0.320 Acres

Acres 0.32

Property Sub-Type Quadruplex

Property Description

100% 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. Tenants pay their own natural gas heating. Unit Mix: 2 Bedroom / 2 Bath - $1,630/month (tenant also mows the lawn, performs landscaping, and takes trash to the curb) 2 Bedroom / 1 Bath - $1,230/month 2 Bedroom / 1 Bath - $1,200/month 1 Bedroom / 1 Bath - $750/month (long-term tenant of approximately 20 years) Properties of this quality and location rarely become available. With strong cash flow, historic character, off-street parking, and scenic Kentucky River views from every unit, 514 Wapping Street presents a compelling investment opportunity in the heart of Frankfort.

Location

State KY

County Franklin

Interior

Heating Electric, Natural Gas

Cooling Central Air, Electric, Multi Units, Window Unit(s)

Exterior

Parking Features On Site

View Y/N N

Roof Type Dimensional Style

Handicap Access No

Private Pool No

Schools

Elementary Schools Second St

Middle Schools Second St Middle

High Schools Frankfort

Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by Marshall Lane Real Estate
Wes Williams

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(606) 627-1764

williamseliterealtyky@gmail.com

205 London Shopping Ctr, London, KY 40741-3016, USA

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514 Wapping Street

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