100% Occ. 12-Unit Multifamily Investment Multi-Family FOR SALE


Frankfort, KY
$1,150,000 USD
859-306-0617
, Frankfort, KY for Sale
$1,150,000 USD
Multi-Family - FOR SALE
1/13
null | Request Cap Rate

100% Occ. 12-Unit Multifamily Investment
Frankfort, KY


HIGHLIGHTS

  • Three side-by-side 4-plex buildings, 12 units, all 2BR/1BA units, 750 SF each | ~9,000 SF total
  • 100% Occupied
  • In-place rents: Avg $909/unit | Recent leases as high as $998/unit
  • 7.25% Year 1 Cap Rate at list
  • Fully renovated in 2020
  • Investor opportunity: turnkey stabilized small-MF with minimal near-term capex

OVERVIEW

SVN Stone Commercial Real Estate is pleased to offer 150, 154, and 160 Landings Drive — a turnkey 12-unit multifamily portfolio in Frankfort, Kentucky's capital city. The offering consists of three side-by-side four-plex buildings on Landings Drive, all completely renovated in 2020 (roofs, HVAC systems, plumbing, electrical) with a follow-on roof replacement in 2022. All 12 units are identical 2-bedroom / 1-bathroom layouts averaging 750 SF, currently 100% occupied with strong in-place rents averaging $909/month and recent leases trending higher. Offered at $1,150,000 ($95,833/unit, $128/SF). Ideal for investors seeking a stabilized, turnkey small-multifamily play with minimal near-term capex burden, or a 1031 buyer needing a clean replacement asset in a stable secondary market. Please contact Justin Ryder, CCIM at 859-447-3285 // Justin.Ryder@svn.com.

ASK ABOUT THIS PROPERTY

Justin RyderSVN | Stone Commercial Real EstateMore Info
859-306-0617

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Justin RyderSVN | Stone Commercial Real EstateMore Info
859-306-0617

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.