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100% Occ. 12-Unit Multifamily Investment 1 Multifamily Properties Offered at $1,603,548 CAD in Frankfort, KY
Investment Highlights
- Three side-by-side 4-plex buildings, 12 units, all 2BR/1BA units, 750 SF each | ~9,000 SF total
- In-place rents: Avg $909/unit | Recent leases as high as $998/unit
- Fully renovated in 2020
- 100% Occupied
- 7.25% Year 1 Cap Rate at list
- Investor opportunity: turnkey stabilized small-MF with minimal near-term capex
Executive Summary
SVN Stone Commercial Real Estate is pleased to offer 150, 154, and 160 Landings Drive — a turnkey 12-unit multifamily portfolio in Frankfort, Kentucky's capital city. The offering consists of three side-by-side four-plex buildings on Landings Drive, all completely renovated in 2020 (roofs, HVAC systems, plumbing, electrical) with a follow-on roof replacement in 2022. All 12 units are identical 2-bedroom / 1-bathroom layouts averaging 750 SF, currently 100% occupied with strong in-place rents averaging $909/month and recent leases trending higher.
Offered at $1,150,000 ($95,833/unit, $128/SF). Ideal for investors seeking a stabilized, turnkey small-multifamily play with minimal near-term capex burden, or a 1031 buyer needing a clean replacement asset in a stable secondary market. Please contact Justin Ryder, CCIM at 859-447-3285 // Justin.Ryder@svn.com.
Offered at $1,150,000 ($95,833/unit, $128/SF). Ideal for investors seeking a stabilized, turnkey small-multifamily play with minimal near-term capex burden, or a 1031 buyer needing a clean replacement asset in a stable secondary market. Please contact Justin Ryder, CCIM at 859-447-3285 // Justin.Ryder@svn.com.
Property Facts
| Price | $1,603,548 CAD | Number of Properties | 3 |
| Price / SF | $119.10 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 13,464 SF |
| Status | Active | Total Land Area | 1.18 AC |
| Price | $1,603,548 CAD |
| Price / SF | $119.10 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 13,464 SF |
| Total Land Area | 1.18 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 160 Landings Dr, Frankfort, KY 40601 | Multifamily | 13,464 SF | 1994 | - |
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100% Occ. 12-Unit Multifamily Investment
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