$1,495,000 Price Analysis    ♡   Covington, KY 41011 Unknown bed None bath 2,900 SqFt ($515/SqFt) 0.3 acre lot. Listed 2024-06-11, Taxes $2,654 | Ⓧ USDA Ineligible due to price & location near Covington |
Turnkey 12-Unit Apartment Complex for Sale in Prime Location Exceptional investment opportunity awaits!
* Sale Pending *Wll-maintained property offers immediate rental income and strong potential for future growth, a perfect addition to any real estate portfolio. The complex comprises12 units, renovated w/in the last 18 months. 10 are leased, 1 is vacant for showing (tenants will b e placed) and 1 is being renovated. Each unit features 2 bedrooms, 1 bathroom, updated electric, new appliances and in unit laundry. Conveniently located in a vibrant & established neighborhood near highways, transportation, shopping, schools & dining.
3 new boilers, updated plumbing & electrical, fresh paint, & modern interior finishes. On-site parking for residents, enhancing appeal & convenience. High occupancy rate, several long term tenants & competitive rental rates = strong & consistent cash flow. A standout benefit of this property is the option to retain the professional property mgmt. TREO has a track record w/tenants & the ability to maximize income by maintaining high occupancy & ensuring property stays in top condition. Enjoy a seamless transition without the stress of finding new mgmt.
Presented by Brett A. Keppler at
TREO REALTORS.
Property MLS #623624 from NKentucky
Eat-in Kitchen
Window Features: Insulated Window(s)
Laundry Features: In Unit
Heating Features: Natural Gas
Heating: Yes
Lot Size Acres: 0.3
Lot Size Dimensions: Approx 1 acre
Lot Size Square Feet: 12981
Calculated Total Monthly Association Fees: 0
Number of Units: 12
High School: Dixie Heights High
Middle School: Turkey Foot Middle School
School District: Kenton Co Public
Map directions Map directions Map directions Map directionsCounty: Kenton
Directions: 71 S to exit 189, drive to sleepy hollow Rd in Park HIlls
Source Property Type: MultiFamily
Area: K07 - Cr Sp/Cr Pk/Ft Wr/Kent Hi/Park Hi/Villa Hi
MLS Area Minor: K07 - Cr Sp/Cr Pk/Ft Wr/Kent Hi/Park Hi/Villa Hi
Source Neighborhood: K07 - Cr Sp/Cr Pk/Ft Wr/Kent Hi/Park Hi/Villa Hi
Owner Pays: Gas, Water
Parcel Number: 041-10-08-023.01
Property Subtype: Apartment
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $170,000 + $50,000 $220,000 | $2,654 |
| 2021 | $170,000 + $50,000 $220,000 | $2,705 |
| 2020 | $170,000 + $50,000 $220,000 | $2,731 |
| 2019 | $166,000 + $30,000 $196,000 | $2,472 |
| 2018 | $166,000 + $30,000 $196,000 | $2,479 |
| 2017 | $166,000 + $30,000 $196,000 | $2,416 |
| 2016 | $166,000 + $30,000 $196,000 | $2,142 |
| 2015 | $161,000 + $35,000 $196,000 | $2,118 |
| 2014 | $161,000 + $35,000 $196,000 | $2,083 |
| 2013 | $154,000 + $35,000 $189,000 | $1,984 |
| 2012 | $154,000 + $35,000 $189,000 | $1,935 |
| 2010 | $154,000 + $35,000 $189,000 | $1,891 |
| 2009 | $154,000 + $35,000 $189,000 | $1,876 |
| 2009 | $154,000 + $35,000 $189,000 | $1,876 |
| 2008 | $154,000 + $35,000 $189,000 | $1,842 |
$1,495,000
NKentucky
Sold 2013-12-23
$587,500
Public Record
Building Exterior Type: Brick
Construction Materials: Brick
Levels: Two
Living Area Units: Square Feet
Property Condition: Existing Structure
Roof: Shingle
Levels or Stories: Two
Structure Type: Apartment
Natural Gas Available
Sewer Available
Water Available
Water Source: Public
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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.