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$440,000
Est. payment /mo
8 Beds
4 Baths
3,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $137
Subdivision Windy Circle
MLS Listing ID RA20263537
Bedrooms 8
Full Baths 4
Year Built 1974
Lot Size 0.340 Acres
Property Sub-Type Multi-Family
Property Description
Investor Opportunity! Fully occupied 4-plex generating $3,770 per month in gross rental income with the potential to increase cash flow to approximately $4,000 per month through future rent adjustments. This well-maintained multifamily property offers immediate income and strong upside potential for both seasoned and first-time investors. Three of the four units have been extensively updated, while the fourth unit features fresh paint and is well maintained. Major capital improvements include a new septic system installed in 2024 and new water heaters in two of the units, helping reduce future maintenance concerns and increase investor confidence. Conveniently located near Franklin, KY, this property provides easy access to Highway 31W and is within commuting distance of Bowling Green's major manufacturing employers. Tenants will also appreciate the proximity to the local golf course, shopping, dining, and everyday conveniences. Whether you're looking to expand your portfolio or acquire a turnkey income-producing asset, this fully occupied 4-plex offers strong current cash flow, value-add potential, and a desirable location. Opportunities like this are hard to find in today's market.
Location
State KY
County Simpson
Area Franklin City
Interior
Heating NaN
Laundry In Apartment
Exterior
Exterior Feature Brick, Vinyl
Utilities Available Separate Metered
Roof Type Metal
Total Parking Spaces 8
Building
Foundation Block
Sewer Septic, Septic System
Water City
Schools
Elementary Schools Franklin Simpson
Middle Schools Franklin Simpson
High Schools Franklin Simpson
Others
Tax ID 041-03-00-064.00
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Listed by Keller Williams First Choice R
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Haley Team
Director of Agent Success & Client Experience
Director of Agent Success & Client Experience