514 Wapping St - Apartments FOR SALE


Frankfort, KY 40601
$479,000 USD
502-319-2344
514 Wapping St, Frankfort, KY for Sale
$479,000 USD
Apartments - FOR SALE
1/34
null | 8.4% Cap Rate

514 Wapping St
Frankfort, KY 40601


HIGHLIGHTS

  • Fully leased four-unit multifamily investment property.
  • River views are available from every apartment.
  • Recent upgrades include roof, electrical, and water heater improvements.
  • Property has been owned by the same family for three generations.
  • Off-street parking supports resident convenience.

OVERVIEW

Fully leased. Historic Charm. Off Street Parking. New Capital Improvements. Gross rents of 4810. Owner pays $500/mo for electric/water/sewer/trash. Tenants pay their own gas heating. Located in downtown Frankfort, close to the river with exceptional river views from every unit, this is a one of a kind rental property. It has been exceptionally maintained by the same family for three generations. Roof is two years old, professionally painted two years ago. New hot water heaters, updated electric including boxes. It currently needs nothing. 4 units: A: 2 bedroom and 2 bath 1630 B: 1 bedroom and 1 bath 750 (tenant has been here for 20 years) C: Two bedroom and 1 bath 1230 D: Two bedroom and 1 bath 1200 4810 Gross

FOR SALE DETAILS

PRICE

$479,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

4

PRICE/UNIT

$119,750

CAP RATE

8.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1800

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,350 SF

ZONING

SH

APN/PARCEL ID

061-24-01-023.00

ASK ABOUT THIS PROPERTY

Taylor MarshallMarshall Lane Real EstateMore Info
502-319-2344

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Taylor MarshallMarshall Lane Real EstateMore Info
502-319-2344

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