Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of the Frankfort Portfolio, an 89-unit multifamily portfolio located in Frankfort, KY. This unique investment opportunity consists of 11 well-positioned buildings, all within a one-mile radius, ensuring ease of management and operational efficiency. Frankfort, the capital of Kentucky, serves as a stable economic hub with 28% of its workforce employed in public administration, ensuring a consistent demand for housing. Additionally, the city's economy is bolstered by thriving industries such as education, healthcare, manufacturing, and tourism, making it an attractive location for long-term renters. The presence of Kentucky State University, local hospitals, and manufacturing plants contributes to a diverse and reliable tenant base. The portfolio consists of 89 units across 11 buildings, built between 1939 and 1987, offering the investor a rare opportunity to acquire a well-located asset at an attractive basis. The unit mix consists of (4) Studios, (65) 1 Bedrooms, and (20) 2 bedroom units. Based on rental comparables in the market, there is average upside potential of +$145 per unit, representing a significant opportunity for increased cash flow through unit renovations and strategic rent adjustments. With an average household income of $74,498, residents in the area have the financial capability to support these rental increases. This portfolio presents an exceptional value-add investment opportunity with predictable cash flow, strong rental demand, and substantial upside potential through modernization and strategic management. Whether an investor is looking for long-term appreciation or immediate income growth, this offering provides an ideal mix of stability and opportunity in one of Kentucky’s most economically resilient markets.