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700 Forest Hill Drive, Frankfort, KY 40601

Commercial property for sale

  • Description
  • Eastwood Apartments is an 88 unit multi-family opportunity in Frankfort, KY. The property is part of a larger 339 unit offering that includes three other properties that can be purchased together or separately. Located in a high demand area of Kentucky's "Capital City", the property has experienced historically high occupancy, and currently contains excellent value-add potential through rent growth and improved management techniques. Eastwood enjoys a "park-like" setting with beautiful green-space and a true "community" feel. The landlord has recently made several capital improvements. 32 units are currently master-leased to Kentucky State University, which covers all utilities for the units. Take advantage of the market's excellent multi-family fundamentals. This opportunity also offers the chance to capitalize on the record low interest rate environment to produce outstanding leveraged returns. Unit Mix: 40 2BR/1BA 48 1BR/1BA 88 Total Building price details: $2,596,000.
  • Property Details
  • Property Type: Multifamily
    Use Types: Low-Rise/Garden
    Status: Available
    Price: $ 29,500 +/Unit
    MSA: Frankfort
    Buildings: 1
    Terms: Cash to Seller
    Added: 09/07/2012
    Last Update: 12/29/2012
  • Contact info
  • 502-365-3840 [Office]
  • Note

  • Details Info about this row that located on 700 Forest Hill Drive, Frankfort, KY 40601 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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