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$519,999   Price Analysis
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222 Adela Ave
Ludlow, KY 41016
8 bed 4 bath unknown SqFt ($0/SqFt)
3,875SqFt lot.
Listed 2024-05-14, Taxes $3,801
Ⓧ USDA Ineligible
due to location

near Bromley

Presenting a fully occupied 4-unit building available in Ludlow

KY. Each of these updated units feature 2 beds and 1 bath, providing comfortble living spaces for tenants. Additionally, the garage is currently rented out, maximizing income potential.

With strong cash flow already in place, this property offers an attractive investment opportunity you wont want to miss adding to your portfolio!


Presented by Josh House at
Realiant Northern KY LLC.


Property MLS #622766 from NKentucky

Bedrooms: 8

Total Bathrooms: 4
Full Bathrooms: 4

Laundry Facilities: In Unit
Laundry Features: In Unit

Basement Features: Partial
Basement Description: Partial

Cooling Features: Window Unit(s)
Heating Features: Natural Gas, Forced Air
Heating: Yes

Window Features: Vinyl Clad Window(s)

Lot Size Acres: 0.0889578
Lot Size Dimensions: 174 31.25'X 125'
Lot Size Square Feet: 3875

Garage Spaces: 2
Parking Features: On Street

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit 1 Total Actual Rent: 1175
Unit 2 Total Actual Rent: 1170
Unit 3 Total Actual Rent: 1055
Unit 4 Total Actual Rent: 1125

Elementary School: Mary A. Goetz Elementary
High School: Ludlow High
Middle School: Ludlow Middle School
School District: Ludlow Indep

Mary A. Goetz Elementary School is a public elementary school located approximately 0.1 miles away.
directions icon Map directions

Ludlow High School is a public middle and high school located approximately 0.1 miles away.
directions icon Map directions

Gospel Light Academy is a private elementary, middle and high school located approximately 0 miles away.
directions icon Map directions

Gross Income: 57300

Source Listing Status: Active
County: Kenton
Directions: 75 to exit 189 onto Kyles Ln, R onto Dixie Hwy, L onto Sleepy Hollow Rd, R onto Adela, building on L.
Source Property Type: MultiFamily
Area: K02 - Bromley/Ludlow Area
MLS Area Minor: K02 - Bromley/Ludlow Area
Source Neighborhood: K02 - Bromley/Ludlow Area
Parcel Number: 026-32-06-028.00
Property Subtype: Multi Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$270,000 + $10,000
$280,000
$3,801
2021$270,000 + $10,000
$280,000
$4,197
2020$270,000 + $10,000
$280,000
$4,181
2019$106,500 + $13,500
$120,000
$1,953
2018$106,500 + $13,500
$120,000
$1,942
2017$100,000 + $20,000
$120,000
$1,919
2016$100,000 + $20,000
$120,000
$1,638
2015$100,000 + $20,000
$120,000
$1,617
2014$100,000 + $20,000
$120,000
$1,553
2013$100,000 + $20,000
$120,000
$1,530
2012$100,000 + $20,000
$120,000
$1,466
2010$100,000 + $20,000
$120,000
$1,335
2009$95,000 + $20,000
$115,000
$1,245
2009$100,000 + $20,000
$120,000
$1,245
2008$95,000 + $20,000
$115,000
$1,224
2007$53,000 + $20,000
$73,000
$760

Price Changed 2024-05-23
$519,999
NKentucky
Listed 2024-05-14
$545,000
NKentucky
Sold 2022-01-14
$315,000
Public Record
Sold 2019-03-25
$280,000
Public Record
Listing removed 2019-03-23
$0
NKentucky
Price Changed 2019-02-04
$309,000
NKentucky
Price Changed 2018-12-20
$314,000
NKentucky
Price Changed 2018-12-08
$319,000
NKentucky
Price Changed 2018-11-14
$325,000
NKentucky
Listed 2018-11-07
$350,000
NKentucky
Sold 2018-07-30
$95,000
Public Record
Sold 2006-09-18
$73,000
Public Record

Sewer: Public Sewer
Water Sewer Expense: 3675.800000000
Water Source: Public

Building Exterior Type: Brick
Construction Materials: Brick
Levels: Two
Property Condition: Existing Structure
Roof: Composition
Levels or Stories: Two
Structure Type: Quadruplex
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.