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

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