154 Landings Drive, Frankfort, KY 40601

$1,020,000
Property Type: Residential Income Bedrooms: 24 Baths: 12 Lot Size (sq. ft.): 13,464 Status: Closed
Current Price: $1,020,000 List Date: 6/24/2022 Last Modified: 8/26/2025

Overview

Description

RARE opportunity - 150, 154, 160 Landings Dr - Investment opportunities like this one rarely hit the market. Three four-plex buildings (12 total units) side by side COMPLETELY remodeled from top to bottom. All units are two bedroom, 1 bathroom. All new everything - roofs, HVACs, plumbing, electric. Large lots with plenty of parking. For 150 Landings Dr: Target rent is $775 per unit. For 154 & 160 Landings Dr: Target rent is $850 per unit. Agents please read agent remarks.

Listing Details MLS# 22013660

Listing Information

Comp Sale YN
No
Property Sub Type
Quadruplex

Status Change Information

Status Change Timestamp
2022-08-08
Purchase Contract Date
2022-06-25
Close Date
2022-07-29
Close Price
1020000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
n/a

Address

County
Franklin
Street Number
154
Street Name
Landings
Street Suffix
Drive
State
KY
Zip Code
40601
Directions
From 60, keep right toward Frankfort, turn left on Schenkel Ln, left on Landings Dr, the properties are on your right
Parcel Number
074-30-07-010.00

Contract

Original List Price
1025000
Start Showing Date
2022-06-24
Listing Contract Date
2022-06-24
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant
Office Exclusive YN
No
List Price/Acre
3317152.1
Sold Price/Acre
3300970.87
SP/LP
Yes

Tax Legal

MLS Area Major
014 - Franklin County
Subdivision Name
Landings

Interior

Bedrooms Total
24
Bathrooms Total
12
Bathrooms Full
12

More Information

Parking Information

Parking Total
10

Building

Year Built
1980

Lot

Lot Size Acres
0.309
Lot Size Square Feet
13464
Lot Size Dimensions
88 X 153

Utilities

Cooling YN
Yes
Heating YN
Yes

Remarks

Public Remarks
RARE opportunity - 150, 154, 160 Landings Dr - Investment opportunities like this one rarely hit the market. Three four-plex buildings (12 total units) side by side COMPLETELY remodeled from top to bottom. All units are two bedroom, 1 bathroom. All new everything - roofs, HVACs, plumbing, electric. Large lots with plenty of parking. For 150 Landings Dr: Target rent is $775 per unit. For 154 & 160 Landings Dr: Target rent is $850 per unit. Agents please read agent remarks.

Building and Property Details

Age of Roof
2022

Showing Information

Showing Instructions
One unit per building can be shown (units are identical) - all others can be shown with contract. Lockbox is on building 154 on the back door of unit #3: Code 4050 Keys go to: Building 150 unit #2 Building 154 unit #3 Building 160 unit #1 150 Landings Dr Unit #1 is occupied (tenant pays $675, lease ends October 2022) - do not disturb tenant.

Tax & Legal

Tax Rate
13.945
Zoning Description
R2

Association/Community

Number Of Buildings
3
Number Of Units Total
12

Cooling

Electric
Yes

Heating

Electric
Yes

Possession

Close Of Escrow
Yes

Roof

Composition
Yes

Structure Type

Quadruplex
Yes

Property Features

Cooling: Electric Heating: Electric Possession: Close Of Escrow Roof: Composition Structure Type: Quadruplex
Listing Office: Lifstyl Real Estate
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.
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