516 Collins Lndg, Frankfort, KY, 40601

Landing A Frankfort Flip

Asking $185,000 or best offer
If you're a buyer's agent: Asking $190,550 (includes a 3% broker compensation) or best offer.

We are selling our assignable purchase contract on the property below:

516 Collins Lndg, Frankfort, KY, 40601

Zillow

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To submit an offer or set up a viewing please contact Andy at (859) 605-3273 or email andy@rapidfireinvestments.com

Details:

3bd/3ba with 2000 sqft
Built in 1995
Lot Size: 0.45 Acres
Vacant
Closing on or before 06/05/26
Market Rent: $1,730
Current Rent: N/A
Located just minutes from the heart of Frankfort and near the Kentucky State Capitol, 516 Collins Landing is the kind of opportunity today’s buyers are chasing. This spacious starter home offers the rare advantage of 3 full baths, an underside garage for easy access and extra storage, and sits in a quiet, desirable neighborhood perfect for families or professionals. Whether you’re an investor looking for a clean cosmetic update project or a homeowner wanting instant equity potential, this property checks all the boxes for a fast-moving opportunity in one of Frankfort’s most convenient locations.

ARV is $270,000 based on the following comps:

209 Signal Ridge Rd in Frankfort, KY, 40601 is a clean but outdated 1815 SqFt, 3 Bed / 2 Bath that sold for $256,000 on 3/2/2026 ($142.22 per SqFt)
12 Still Water Ct in Frankfort, KY, 40601 is a clean but outdated 1300 SqFt, 3 Bed / 2 Bath that sold for $252,000 on 3/6/2026 ($193.85 per SqFt)
511 Collins Lndg in Frankfort, KY, 40601 is a renovated 1101 SqFt, 3 Bed / 2 Bath that sold for $270,000 on 5/16/2025 ($245.23 per SqFt)

Repairs:

Roof: 5 Years Old

HVAC: 15+ Years Old

Water Heater: 3 Years Old

To submit an offer or set up a viewing please contact Andy at (859) 605-3273 or email andy@rapidfireinvestments.com

Our deals move fast. If you would like to lock the property up, we do accept sight-unseen, no-contingency cash offers.

$2,500 earnest money check required for all buyers.

Title is already open with our preferred partner, Brown & Thompson, PLLC, ensuring a smoother, expedited closing process by working directly with our trusted team.

Realtors, add your fee (whatever you like) and bring us a buyer!

Not interested in this deal? Click here to view our other listings

We are growing our team!

We are hiring! We believe in developing world-class salespeople, investors, and human beings. This is a career, not just a "job." Our people will have the ability to earn really well and invest in their future through real estate.

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Questions? I can Help!

Andy KlunderInvestment Sales Specialist

Don’t miss out! To submit an offer or schedule a viewing, contact me now at (859) 605-3273