UPDATED:
01/28/2025 10:19 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 8,088 sqft
Price per Sqft $345
MLS Listing ID 1662553
Style High Rise
HOA Y/N No
Abv Grd Liv Area 8,088
Originating Board Metro Search (Greater Louisville Association of REALTORS®)
Year Built 1888
Lot Size 3,484 Sqft
Acres 0.08
Property Description
A remarkable 3-yr, multi-million dollar restoration project was completed in 2023 that exudes the perfect harmony of a modern, luxurious grandeur with a quirky twist. The layout offers versatile booking flexibility (up to 28 guests) which has helped it garner high-dollar bookings that continue to increase - additional income growth opportunities exist as well.
**HIGHLIGHTS**
:: Stabilized, Class A Asset
:: Historic District | Corner Lot | High Visibility
:: 8,898 Gross SQFT: 8,088 FIN + 810 UF
:: Central Elevator + Stairwell
1 Long-Term Tenant
:: Bourbon Bar leased til Aug '28
:: 4.8-star Google Rating
3 Short-Term Suites (12 BRs, 17 Beds, 11.5 BAs)
:: 6 Bed + 5 Bath (sleeps 16)
:: 5 Bed + 5 Bath (sleeps 10)
:: 1 Bed + 1.5 Baths (sleeps 2)
:: 3 Full Kitchens + 3 Laundry Hookups
:: $175,000 +/- furnishings for turn-key approach
:: $112,000 +/- confirmed future bookings
**CITY**
The city is undergoing a rebirth known as the "Downtown Frankfort Revitalization Project" - a master plan near the riverfront consisting of outdoor retail, restaurants and office to further capitalize on the exploding bourbon industry and tourism within the Louisville/Bardstown/Frankfort triangle.
**PROXIMITY**
Situated along the Bourbon Trail, guests can easily walk/shuttle to flagship distilleries:
Distilleries :: Buffalo Trace (1.6 mi)
:: J. Mattingly 1845
:: Glenns Creek
:: Old Crow
:: Castle & Key
:: Whiskey Thief
:: Woodford Reserve
:: Wild Turkey
:: Four Roses
:: Bulleit
:: Jeptha Creed
Major Cities: Louisville, Lexington & Cincinnati
Keeneland (30m) + Churchill Down (50m)
Lexington Blue Grass Airport LEX (30m)
Louisville Inter'l Airport SDF (60m)
Cincinnati International Airport CVG (80m)
**UPDATES**
Enjoy low future CapEx due to the extensive list of upgrades following redevelopment down to the original foundation/shell.
Interior:
:: New Electric (wiring/panels/service/fixtures)
:: New Plumbing (PVC/pex, fixtures, W/D, tankless WH)
:: New Steel Framing, Double-Drywall, Insulation, Doors
:: New Paint + Wallpaper
:: New Elevator + Block Shaft + Voice/Data system
:: New Gyp-Crete between levels (sound & fire retardant)
:: New Eng. Hardwood + Sound-Damping Underlay
:: New HVAC: Units, Spiral Duct, Thermostats
:: New In-Unit Speaker Systems
:: New Cabinets, Cambria Quartz Countertops
:: GE Cafe Series Appliances
:: New Tile + Glass Surrounds + Bath Vanities
:: Custom Millwork & Trim Carpentry
Exterior:
:: Restored Front Facade w/ Mahogany Doors
:: New Aluminum Clad Windows
:: New Roofing + Gutters (TPO roofing)
:: New Exterior Paint & Doors
:: Foundations Reinforced + Metal I-Beam Joists (1st Fl)
:: Commercial Space Buildout: Bar + Bar Equipment
Utilities:
:: Low utilities - energy efficient fixtures
:: Gas, Electric + Water/Sewer separately metered (4)
:: Tankless Gas Water Heaters (2nd & 3rd Fl)
**HISTORY**
Built in 1888, the Mason & Hoge building has its ties to two prominent business and construction leaders at the time: C.R. Mason and S. French Hoge. Today, known as Mason & Hanger, it is the oldest American Architectural Engineering firm and has been renowned for its work on the Virginia Railroad, the Chicago River Reversal, the Kentucky River Lock & Dam, the New York Lincoln Tunnel, and the Nevada Nuclear Weapons Test Site (to name a few).
Location
State KY
County Franklin
Direction I-64 to US-127 N/Lawrenceburg Rd, R on Louisville Rd, stay slightly right and becomes W 2nd St., L on Bridges St, Bridge St turns slightly right and becomes St Clair St, R on W Main St.
Interior
Heating Forced Air, Natural Gas, Heat Pump
Cooling Heat Pump, Central Air
Exterior
Exterior Feature See Remarks
View Y/N No
Roof Type Membrane
Garage No
Building
Lot Description Corner Lot, Sidewalk
Building Description Block,Stone, Elevator
Sewer Public Sewer
Water Public
Architectural Style High Rise
Structure Type Block,Stone
"I have spent nearly 2 decades becoming an expert in Southern Indiana market trends and influences. Now, I'll put my considerable market background to work for you, helping you to identify the best deals, and price your home accurately to assure a quick sale, while maximizing profit. "
8610 Chapel Hill Court, Charlestown, Indiana, 47130, USA
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