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514 Wapping St, Frankfort
$469,000
7 Beds ⋅ 5 Baths ⋅ 26005492 MLS
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.

514 Wapping St, Frankfort

125 Howard Avenue, Mt Sterling
$329,000
5 Beds ⋅ 5 Baths ⋅ 26015327 MLS
Great investment opportunity with this well-maintained quadplex at 125 Howard Avenue! Many of the major updates have already been completed, making this an excellent addition to your investment portfolio. The roof is approximately 3.5-4 years old, while the HVAC system and two water heaters are estimated to be 5-6 years old. The sewer and water lines were replaced about 2 years ago with PVC sewer lines and mostly copper water lines, along with some PEX. Nearly all of the windows have been replaced with vinyl windows, with only two original single-pane picture windows remaining in Unit 4. The property was also updated throughout with new flooring and fresh paint completed approximately 2 years ago. Three of the four units feature updated kitchen cabinets and countertops, and all units have newer vanities and toilets installed around the same time. The exterior steps and deck were also replaced approximately 2 years ago. Whether you're looking to expand your rental portfolio or purchase your first multi-family investment, this updated quadplex offers the opportunity to own an income-producing property with many of the big-ticket improvements already handled. **Professional photos coming soon**

125 Howard Avenue, Mt Sterling

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