779 Ridgeview Dr Unit A&B, Frankfort, KY 40601

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.