5 Unit Commercial Deal!

Franklin County, Frankfort, KY, 40601
Sold
Listed at: January 29th, 2024
Price
$159,000
ARV
$180,000
Gross Margin
$21,000
Sq. Footage
5010
Type
Single-Family
Parking
On street
Year build
1950
Lot size
0 acres
Bedrooms
0
Bathrooms
5
Half Bathrooms
0
Summary

Details:

  • 0bd/5ba with 5010 sqft
  • Built in 1950
  • Tenant Occupied
  • Closing on or before 03/02/24
  • Market Rent: 2000/month
  • Current Rent: 1800/month
  • All units rented month to month except 1 (Nov ’24)


  • ARV is $180,000 based on the following comps:
  • 206 W Main St is a 0/0 commercial w/ 4,320 sq ft that sold for $200,000 on 02/27/23
  • 96 C Michael Davenport Blvd is a 0/0 w/ 4384 sq ft that sold for $160,000 on 05/25/2023

Repairs:

Roof: 2008 Tar & Gravel / No known issues

HVAC: All AC Units 2021 and newer

Flooring: Good Condition

Kitchen: Could update, is functional

Bathroom: Needs Some Updating

Windows: Good Condition

Foundation: Good Condition / NO Known Issues

Other: N/A

To get more info, set up a showing, or submit an offer please contact Andy at 859-605-3273 or email andy@streamlineky.com These deals move fast. If you would like to lock the property up, our client accepts sight-unseen, no-contingency cash offers.

$2,500 non-refundable deposit required for all buyers.

Realtors, add your fee (whatever you like) and bring us a buyer!

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Andy Klunder

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Disposition manager