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Mimi Iverson

mimi@welcometokentucky.com +1(859) 310-2814

$499,900

10 Beds

5 Baths

4,250 SqFt

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,250 sqft

Price per Sqft $117

Subdivision Capital View

MLS Listing ID 26011504

Bedrooms 10

Full Baths 5

Year Built 1926

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Apartment

Property Description

506 Steele is a unique 5-unit multifamily property in a great Frankfort location within walking distance to the Kentucky State Capitol and downtown amenities. The property features four large 2 bedroom, 1 bathroom units with a private sun room, along with a distinctive penthouse unit. This well-built building has strong curb appeal and character that stands out from typical apartment properties. Current rents are $4,320 per month with plenty of upside to raise rents to market rates. Rent roll and financials available on Flex. Property can also be packaged together with 201-203 Campbell for investors looking to expand their portfolio with additional Frankfort multifamily units.

Location

State KY

County Franklin

Interior

Heating Electric

Cooling Central Air

Exterior

View Y/N N

Handicap Access No

Private Pool No

Schools

Elementary Schools Second St

Middle Schools Second St Middle

High Schools Franklin Co

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Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by Lifstyl Real Estate

Mimi Iverson

Agent | License ID: 271853

+1(859) 310-2814

506 Steele Street #1-5 Frankfort, KY 40601

Mimi Iverson

Key Details

Location

Interior

Exterior

Schools

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506 Steele Street #1-5

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