154 Landings Drive, Frankfort, KY 40601

$1,020,000
Property Type: Residential Income Bedrooms: 24 Baths: 12 Lot Size (sq. ft.): 13,464 Status: Closed
Current Price: $1,020,000 List Date: 6/24/2022 Last Modified: 10/13/2026

Overview

Description

RARE opportunity - 150, 154, 160 Landings Dr - Investment opportunities like this one rarely hit the market. Three four-plex buildings (12 total units) side by side COMPLETELY remodeled from top to bottom. All units are two bedroom, 1 bathroom. All new everything - roofs, HVACs, plumbing, electric. Large lots with plenty of parking. For 150 Landings Dr: Target rent is $775 per unit. For 154 & 160 Landings Dr: Target rent is $850 per unit. Agents please read agent remarks.

Listing Details MLS# 22013660

Listing Information

Property Sub Type
Quadruplex
Comp Sale YN
No

Status Change Information

StatusChangeDate
2022-08-08
Contract Acceptance Date
2022-06-25
Sold Date
2022-07-29
Buyer Financing
Conventional
Concessions Comments
n/a
Sale Type
Arms Length Sale

Address

County
Franklin
Street #
154
Street
Landings
St Suffix
Drive
State/Province
KY
Zip Code
40601
Directions
From 60, keep right toward Frankfort, turn left on Schenkel Ln, left on Landings Dr, the properties are on your right
Parcel Number
074-30-07-010.00

Contract

Original List Price
1025000
Start Showing Date
2022-06-24
Listing Price
1025000
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant
Office Exclusive YN
No
List Price/Acre
3317152.1
Sold Price/Acre
3300970.87
SP/LP
1

Tax Legal

Area
014 - Franklin County
Subdivision/Condo
Landings

Interior

Total # Bedrooms
24
Total Bathrooms
12
Baths - Full
12

More Information

Parking Information

Parking Total
10

Building

Year Built
1980

Lot

Lot Size Acres
0.309
Lot Size Dimensions
88 X 153
Lot Size Square Feet
13464

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
RARE opportunity - 150, 154, 160 Landings Dr - Investment opportunities like this one rarely hit the market. Three four-plex buildings (12 total units) side by side COMPLETELY remodeled from top to bottom. All units are two bedroom, 1 bathroom. All new everything - roofs, HVACs, plumbing, electric. Large lots with plenty of parking. For 150 Landings Dr: Target rent is $775 per unit. For 154 & 160 Landings Dr: Target rent is $850 per unit. Agents please read agent remarks.

Building and Property Details

Age of Roof
2022

Showing Information

Showing Instructions
One unit per building can be shown (units are identical) - all others can be shown with contract. Lockbox is on building 154 on the back door of unit #3: Code 4050 Keys go to: Building 150 unit #2 Building 154 unit #3 Building 160 unit #1 150 Landings Dr Unit #1 is occupied (tenant pays $675, lease ends October 2022) - do not disturb tenant.

Tax & Legal

Tax Rate
13.945
Zoning Description
R2

Association/Community

Number Of Buildings
3
Number Of Units Total
12

Property Features

Cooling: Electric Heating: Electric Possession: Close Of Escrow Roof: Composition Structure Type: Quadruplex
Listing Office: Lifstyl Real Estate
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.