426-428 Schenkel Lane, Frankfort, KY 40601 | 20013641 | Rector Hayden Realtors

426-428 Schenkel Lane $660,000


    426-428 Schenkel Lane Frankfort, KY 40601

    • 0 Beds
    • 0 Baths
    • 2,760 sq. ft.
    • Multi-Family
    • MLS# 20013641
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    Views: 17 Days On Market: 30

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    Property Details

    Wonderful investment opportunity to purchase 4 separate duplexes in the Colony subdivision on the east side of Frankfort. Each rental unit includes 3 BRs, 1 1/2 BAs, WD hookup, all tile/hardwood/vinyl (no carpet), individual driveways, walk out porches/patios, and large backyards. Addresses include 426-428 Schenkel, 432-434 Schenkel, 438-440 Schenkel, and 571-573 Williamsburg. The Schenkel Lane buildings are all side-by-side and Williamsburg is adjacent just one street behind. The current rent roll is $6095 month and some are below market value due to length of tenant residency. We will allow 2 units to be viewed and will open up the other units for inspections once under contract. Tenants pay their own utilities (gas, electric, water & sewer) while owner is responsible for mowing. 3 tenants have been renting for 3-6 years and rents below market value or $800-825 per 3-BR unit. Security deposits held for each. Currently professionally managed and could be extended.

    • General Features
      • Property Subtype Duplex
      • Driving Directions Schenkel Lane to 426-440 Schenkel Lane. Each unit has individual driveways.
      • Subdivision Colony
      • Area Franklin County
      • County Franklin
      • Year Built 0
    • Building Features
      • Number of Buildings Four
      • Number of Stories Two
      • Number of Units 8
      • Number of Vacant Units 0
      • Square Footage 2,760
      • Roof Type Shingle
      • Common Air Conditioning Electric
      • Common Heating Forced Air, Heat Pump
      • Fuel Source Electric, Gas
    • Property Features
      • Acres 0.25
      • Lot SqFt 10,800
      • Parking 1 - 5 Spaces, On Site, Paved
      • Current Zoning Multi-Family
    • Schools
      • School District Franklin County
      • Elementary School Elkhorn Elem
      • Middle School Elkhorn Middle
      • High School Franklin Co


    Don Hudson

    Don Hudson

    Sales Associate

    Rector Hayden REALTORS - Lexington

    Office Phone: 859-276-4811
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    40601 (Frankfort) Demographics

    41 Median Age
    229 Population Density (per sq. mile)
    33% College Educated
    $51,068 Estimated Median Income
    13,315 Estimated Total Home Owners
    7,930 Estimated Total Renters
    63% / 37% Estimated Owner / Renter Divide
    0 Estimated Average Household Size
    50,471 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $180,000 Median Sales Price
    65 Homes Sold
    79 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $660,000
        7/7/2020 1:09:00 PM New in Database Source New Value: $660,000

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        The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Rector Hayden Realtors are marked with the IDX logo or the IDX thumbnail logo, and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.