255 Centennial Drive, Frankfort, KY 40601

$950,000
Property Type: Residential Income Bedrooms: 24 Baths: 24 Square Footage: 11,400 Lot Size (sq. ft.): 38,333 Status: Closed
Current Price: $950,000 List Date: 5/08/2023 Last Modified: 8/29/2025

Overview

Description

(12) 2 bedroom, 2 full bath units in three buildings on one lot. Potential gross income up to 122,400* per year. Nice lot at end of street with most decks overlooking woods. Two units have a garage perfect for maintenance storage or additional rental income, not included in PGI above.

Listing Details MLS# 23008323

Listing Information

Comp Sale YN
No
Property Sub Type
Quadruplex

Status Change Information

Price Change Timestamp
2023-06-28T16:15:02Z
Status Change Timestamp
2023-08-29
Purchase Contract Date
2023-08-04
Close Date
2023-08-29
Close Price
950000
Buyer Financing
Other
Sale Type
Arms Length Sale
Concessions Comments
seller financing

Address

County
Franklin
Street Number
255
Street Name
Centennial
Street Suffix
Drive
State
KY
Zip Code
40601
Directions
Schenkel Lane to Centennial to the end of the street on the left.
Parcel Number
074-30-07-034.00

Contract

Original List Price
1150000
Start Showing Date
2023-05-08
Listing Contract Date
2023-05-08
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
1193181.82
List Price/SqFt
92.11
Sold Price/Acre
1079545.45
Sold Price/SqFt
83.33
SP/LP
0.9

Tax Legal

MLS Area Major
014 - Franklin County
Subdivision Name
Landings

Interior

Bedrooms Total
24
Bathrooms Total
24
Bathrooms Full
24
Living Area
11400
Bathrooms Half
0

More Information

Parking Information

Parking Total
20

Building

Year Built
1986
Stories Total
2

Lot

Lot Size Acres
0.88
Lot Size Square Feet
38333
Lot Size Dimensions
37.19 x 221.69 x 209.8 x 100 x 262.09
Road Frontage Feet
37

Utilities

Cooling YN
Yes
Heating YN
Yes
Electricity Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Remarks

Public Remarks
(12) 2 bedroom, 2 full bath units in three buildings on one lot. Potential gross income up to 122,400* per year. Nice lot at end of street with most decks overlooking woods. Two units have a garage perfect for maintenance storage or additional rental income, not included in PGI above.

Building and Property Details

Building Expansion Potential YN
No
Age of Roof
3
Common Area SqFt
600
Storage SqFt
1200

Unit Details

Number Of Units Vacant
Yes

Showing Information

Showing Instructions
Call/text David Dean for showing instructions. 502.545.0654

Tax & Legal

Elementary School
Elkhorn Elem
Middle Or Junior School
Elkhorn Middle
High School
Franklin Co
Zoning Description
RL

Association/Community

Number Of Buildings
3
Number Of Units Total
12

Cooling

Electric
Yes

Heating

Heat Pump
Yes

Possession

Subject To Tenant Rights
Yes

Roof

Composition
Yes

Special Listing Conditions

Standard
Yes

Structure Type

Quadruplex
Yes

Documents

Sellers Disclosure Of Property Condition
Yes

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Electric Heating: Heat Pump Possession: Subject To Tenant Rights Roof: Composition Special Listing Conditions: Standard Structure Type: Quadruplex Documents: Sellers Disclosure Of Property Condition
Listing Office: Bluegrass Realty & Investments
Last Updated: August - 29 - 2025
Information deemed reliable but not guaranteed.
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