426 Schenkel Lane
Frankfort, KY 40601
Number of Units:
Type: Multi-Unit Residential
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.
Directions: Schenkel Lane to 426-440 Schenkel Lane. Each unit has individual driveways.
Heating: Forced Air, Heat Pump
Heating Fuel: Electric, Gas
Parking Description: 1 - 5 Spaces, On Site, Paved
Lot Size in Sq. Ft.: 10, 800
Elementary School: Elkhorn Elem
Jr. High School: Elkhorn Middle
$ 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 August 4, 2020 11:29 AM ET