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    1 home
      1 home available
      256-258 Meadowview Drive, 1-8, Frankfort, KY 40601
      Closed Aug 4, 2022
      256-258 Meadowview Drive, 1-8, Frankfort, KY 40601
      $579,000
      16beds
      8bath
      sqft
      acres
      Sale

      256-258 Meadowview Drive, 1-8, Frankfort, KY 40601

      Listing by: Pulliam Realty Group
      1 - 1 of 1 results
      © 2024 Imagine MLS
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
      Equal opportunity
      Membio
      Imagine Your Home
      256-258 Meadowview Drive, 1-8, Frankfort, KY 40601
      Closed Aug 4, 2022
      $579,000
      16beds
      8full,half bath
      sqft
      acres

      256-258 Meadowview Drive, 1-8, Frankfort, KY 40601

      Sale by Rick PulliamPulliam Realty Group.

      Data checked -. Listing last updated 646 days ago.
      1. Overview
      2. Details
      3. More 

      Wonderful opportunity to purchase two four-plexes (8 total units) on the west side of Frankfort in the Meadows. These lots are side-by-side and share a common driveway with private parking in the rear. All units are 2 BR, 1 BA. The rent roll as of 6-1-22 is $5463 per month or $682 average per unit per month. Tenants pay their own electric. Owner pays the water and sewer and mows and maintains the yards. Professionally managed by the listing broker since September 2021. 4 of the 8 units have turned over under the current management while the other 4 units are under leases. There is an opportunity to raise the rents on 5 of the 8 units by Sept 30. The last units were rented at $725, $700, and $700 respectively. The owner just invested over $40,000 in foundation repairs for the 258 building using the Basement Doctor with a lifetime warranty on the scope of work. For passive investors, the current property manager is willing to discuss future property management. Information can be provided about separating the water meters at each building to pass along the W&S costs to the tenants. Buildings are sold AS-IS and inspections are welcome. No renegotiation

      Details
        Property type
      Multi-Housing
        Year built
      9999
        Heating
      Forced Air, Heat Pump
        Cooling
      Electric
        Garage
      No
        Parking spots
      -
      22010736
      MLS ID
      Closed
      Status
      Aug 4, 2022
      Closed
        Basement
      No
        Laundry features
        Flooring
        Fireplace
      No
        Architectural Style
      Low Rise
        View
      Interior features
      Exterior features
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      Appliances included
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      -
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      Schools
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      Senior community
      No
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      No upcoming in-person open houses
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      No upcoming virtual open houses
      Contact Agent
      Rick Pulliam
      Rick Pulliam
      Designated Managing Broker, Pulliam Realty Group
       
       
      Location
      From US 127 in Frankfort, turn on Harrodsburg Lane near Wendy's and take the next right on Meadowview. Both buildings will be on the left with the shared driveway leading to the private parking in the rear.
      For Sale Nearby
      No nearby homes are For Sale Nearby.
      Recently Sold
      No nearby homes have been Recently Sold.
      256-258 Meadowview Drive, 1-8, Frankfort, KY 40601, is a 16 bedroom, 8 bathroom Sale built in 9999. This property is currently available for sale and was listed on Imagine Your Home on 5-25-2022. The MLS# for this Sale is MLS# 22010736.
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
      Copyright ©2024 Imagine MLS