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.
|--||New Value: $660,000|
|7/7/2020 1:09:00 PM||New Value: $660,000|