368 Wallace Avenue
Frankfort, KY 40601
Number of Units:
Type: Multi-Unit Residential
3 rental units on 368 Wallace Ave with a $1300 rent roll. This package includes a single family house on the front of the lot and a 2 story block building at the rear of the lot with separate apartments on each floor and an attached 1 car garage (Approx 15' by 24') that is currently used as owner storage. Unit E (900 SF) is the single family and includes 2 BR, 1 full BA, WD hu, central furnace (no AC), and some updates (see attached pics and disclosure). The past rent has ranged from $625-675 and the tenant pays electric, gas, water, and responsible for mowing. Unit F (600 SF) is the first floor of the back building and includes 1 BR, 1 full BA, central furnace, and kitchen for $350 per month. Owners just remodeled Jan 2020 (see pics). Tenant pays electric, gas, and water and mows/weedeats around building. Unit G (600 SF) is the second floor and it includes 1 BR, 1 full BA, and the same tenant when the property was purchased. Tenant pays $325 per month and pays elect, gas, water.
Directions: From downtown Frankfort, head north on Holmes St and turn on Meagher. Turn left on Wallace and property on right. You can access the back building from Virginia Ave.
Cooling: Wall/Window Unit(s)
Parking Description: Other
Lot Size in Sq. Ft.: 6, 750
Property SubType: Duplex, Garden
$ per month
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Pulliam Realty Group
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LBAR(Lexington) data last updated at November 22, 2020 1:31 PM ET