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.
29 days
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241
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9
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Joseph K Rafferty270-782-1811,
Keller Williams First Choice R
Source: RASK,MLS#: RA20263537
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4
Heating
Unit 1(Heat Pump), Unit 2(Heat Pump), Unit 3(Heat Pump), Unit 4(Heat Pump), Heating Source (Electric)
Cooling
Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air), Unit 4(Central Air)
Appliances
Included: Water Heater (Electric)
Laundry: In Unit
Features
Walls (Dry Wall), Walls (Paneling)
Doors: Insulated Doors
Windows: Thermo Pane Windows
Basement: Walk-Out Access
Interior area
Total structure area: 3,200
Total interior livable area: 3,200 sqft
Property
Parking
Total spaces: 8
Parking features: Parking Lot, Private
Features
Exterior features: Landscaping, Mature Trees, Trees
Lot
Size: 0.34 Acres
Features: Cul-De-Sac, Golf Course
Details
Parcel number: 0410300064.00
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Quadruplex
Materials
Brick, Vinyl Siding
Foundation: Block
Roof: Metal
Condition
Year built: 1974
Utilities & green energy
Sewer: Septic Tank, Septic System
Water: City
Utilities for property: Separate Metered
Community & HOA
Community
Subdivision: Windy Circle
Location
Region: Franklin
Financial & listing details
Price per square foot: $138/sqft
Tax assessed value: $200,000
Annual tax amount: $1,770
Price range: $440K - $440K
Date on market: 6/15/2026
Total actual rent: 3770
Tenant pays: Cable TV, Deposit, Electricity, Trash Collection, Water
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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