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Listed by Sibcy Cline, REALTORS-CC
$ 465,000
Est. payment /mo
Active
661 W Pike Street Covington, KY 41011
8 Beds
3 Baths
3,066 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 644298
Bedrooms 8
Full Baths 3
Year Built 1890
Lot Size 3,066 Sqft
Property Sub-Type Apartment
Property Description
Prime Covington 5-unit investment property just minutes from MainStrasse and downtown Cincinnati. Desirable unit mix includes two 2BR units, two 1BR unit, and one spacious 3BR unit. Updated interiors, strong rental demand, brick construction, and excellent income potential. Ideal opportunity for investors seeking cash flow and long-term appreciation in Northern Kentucky.Excellent opportunity to acquire a turnkey 5-unit multifamily property in the heart of Covington, just minutes from MainStrasse Village, downtown Cincinnati, dining, entertainment, and major employment centers. This well-maintained brick building offers an attractive unit mix Many units have been updated, helping minimize future capital expenses and maximize rental appeal. Tenants pay electric, while owner covers water and trash. Strong rental demand, value-add potential through future rent growth, and a prime urban location make this a great addition to any investment portfolio. Don't miss the chance to own a cash-flowing multifamily asset in one of Northern Kentucky's most sought-after rental markets. Note one ofv the 1 BD has additional 10x11 room may be used for additional BD but does not have egress.Unit 1-3BD rent for $900, Unit 2- 2BD rent for $800, Unit 3- 1 BD rent for $900,Unit 4 -2 BD rent for $800 and Unit 5- 1 BD rent for $850
Location
State KY
County Kenton
Rooms
Basement Full
Interior
Interior Features Walk-In Closet(s), Storage
Heating See Remarks, Natural Gas, Baseboard, Electric
Cooling None
Exterior
Parking Features On Street
View Y/N N
Roof Type Metal,Shingle
Building
Lot Description Corner Lot, Near Public Transit
Story Three Or More
Foundation Stone
Sewer Public Sewer
Level or Stories Three Or More
New Construction No
Schools
Elementary Schools John G. Carlisle Elementary
Middle Schools Holmes Middle School
High Schools Holmes Senior High
Others
Special Listing Condition Standard