Parking Information

Parking Total

2

Building

Year Built

9999

Stories Total

3

Accessibility Features YN

No

Lot

Lot Size Acres

0.3202

Lot Size Dimensions

90 x 115

Lot Size Square Feet

13950

Utilities

Cooling YN

Yes

Heating YN

Yes

Remarks

Public Remarks

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.

Building and Property Details

Lot Expansion Potential YN

No

Age of Roof

3

Unit Details

Number Of Units Vacant

2

Showing Information

Showing Instructions

Sentri box on front door with keys to bottom two units, A and C

Tax & Legal

Tax Rate

1.68

Association/Community

Number Of Buildings

1

Number Of Units In Community

4

Number Of Units Total

4

Possession

Negotiable

Yes

Property Features