779 Ridgeview Drive #A&B, Frankfort, KY 40601
Local realty services provided by:ERA Select Real Estate
779 Ridgeview Drive #A&B,Frankfort, KY 40601
$349,500
- 6 Beds
- 4 Baths
- 3,108 sq. ft.
- Multi-family
- Active
Listed by: rick pulliam
Office: pulliam realty group
MLS#:26004992
Source:KY_LBAR
Price summary
- Price:$349,500
- Price per sq. ft.:$112.45
About this home
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....
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Home facts
- Year built:1984
- Listing ID #:26004992
- Added:1 day(s) ago
- Updated:March 14, 2026 at 08:39 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,108 sq. ft.
Heating and cooling
- Cooling:Electric
- Heating:Electric, Heat Pump
- Central air:Yes
Structure and exterior
- Year built:1984
- Building area:3,108 sq. ft.
- Lot area:0.33 Acres
Schools
- High school:Franklin Co
Finances and disclosures
- Price:$349,500
- Price per sq. ft.:$112.45
Features and amenities
- Laundry features:Electric Dryer Hookup, Main Level, Washer Hookup
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