KY
Franklin
Frankfort
40601
779 Ridgeview Drive A&B
779 Ridgeview Drive A&B, Frankfort, KY 40601
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Listing Type
Multi Family
Listing Status
Active
119
$349,500
Home Details for 779 Ridgeview Drive A&B
Price
$349,500
Type
Residential Income
Bedrooms
6
Total Bathrooms
4
Full Bathrooms
4
Square feet
3108
Year built
1984
Lot size acres
0.3254
County
Franklin
MLS Listing#
26004992
Property Description
Wonderful opportunity to own a rehabbed and remodeled duplex in northeast Frankfort in Ridgeview Estates. The offering price achieves the magic 1% gross rents compared to the purchase price so keep reading the marketing remarks and details. Each side includes 3 BRs, 2 full BAs, 1 1/2 story townhouse floor plans, with a private driveway on each side with a shared fenced yard in the rear with individual patios. Each unit includes 1554 SF and 3108 SF for the entire building. The owner did all the hard work on the exterior in 2023. All new roof, insulated windows, eaves, soffits, hardiboard, vinyl removal, gutters, and downspouts (invoices available). Unit B is currently vacant and was taken down to the studs for remodeling. All new flooring, kitchen cabinets, countertops, plumbing fixtures, light fixtures, plugs, switches, doorways, finishings, and paint. A new HVAC system was installed in 2025. The owner tested the rental market on Zillow at $1750 per month with the tenants paying their own utilities and he received five applications in 72 hours. It is a beautiful unit and ready for a new tenant. Unit A is currently occupied by the owners and they will vacate before closing. Unit A hasn't been remodeled like Unit B, but it is in very good shape. It does have new kitchen appliances that were purchased in 2025. The owner plans to leave the washer/dryer in Unit A. This unit could reach $1750 with some easy rehab work. This would put your rents at $3500 per month and this is the magic 1% gross rents compared to the purchase price that every investor wants to achieve. Frankfort doesn't have many 3 BR duplexes and almost none that have the exterior completely updated. The owner also had some support work done in the crawl space with some extra jacking to avoid future issues. This building is a must see and provides the value that all investors want to achieve. Professional management available.
Property Features
Utilities
- Cable Available
- Electricity Connected
- Natural Gas Not Available
- Sewer Connected
- Water Connected
Cooling Information
- Central Air
- Electric
Heating Information
- Electric
- Heat Pump
Parking
- Paved
- Open
School Information
School Information for 779 Ridgeview Drive A&B, Frankfort, KY 40601
Elementary School
N/A
Middle School
N/A
High School
Franklin Co
Listing Courtesy: Pulliam Realty Group - 502-352-2424
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EXIT REALTY CRUTCHER
502A Saffell St. , Lawrenceburg, KY 40342John Rennels
License #: 75712
Sales Representative
Office
502 839 9822
Agent
502 598 8378
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