Log In/Sign Up
Your email has been sent.
514 Wapping St 4 Unit Apartment Building Offered at $675,390 CAD at a 8.40% Cap Rate Frankfort, KY 40601
Investment Highlights
- River Views in Every Unit
- Historic, stable, easy to rent
- 100% Occupied
Executive Summary
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
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
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+5 | 4 | - | - |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
1 of 84
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Marshall Lane Real Estate
514 Wapping St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.