304 Robert M Green Dr - Apartments FOR SALE


Frankfort, KY 40601
$2,100,000 USD
502-229-0166
304 Robert M Green Dr, Frankfort, KY for Sale
$2,100,000 USD
Apartments - FOR SALE
1/16
null | 7.37% Cap Rate

304 Robert M Green Dr
Frankfort, KY 40601


HIGHLIGHTS

  • Rare new construction in Capital City
  • Highly demand for this floorplan
  • Built to Rent Construction

OVERVIEW

Listing price of $2.1m includes building 1 (5 units) and building 2 (4 units) = 9 Units complete in 2024. 100% occupied - 2025 rents total $223k. 3 bd, 2.5 bath modern "built to rent" townhomes in the Capital of Kentucky. 2 additional shovel ready lots are available for $200k. These lots are approved for two more buildings with 7 units total. Seller/builder will complete remaining units as part of a separate agreement if desired. Seller will assist in property management transition. These are single family attached dwellings - all units separately deeded. Buyer could create HOA and resale individually if desired.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$1,556 USD /SF

# OF UNITS

9

PRICE/UNIT

$233,333

CAP RATE

7.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Townhomes at Duckers Village

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

Singe Family Attached

APN/PARCEL ID

095-40-15-003.00,095-40-15-004.00

ASK ABOUT THIS PROPERTY

Samuel AultUnited Real EstateMore Info
502-229-0166

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Samuel AultUnited Real EstateMore Info
502-229-0166

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