Summary:

This well-maintained 1,392 square foot single-family home is an excellent opportunity for buy and holders in northern Kentucky. The property is currently used as a rental (rent-ready as-is) however after ~$10K worth of renovations monthly rent can be increased to $1,300-$1,500/mo.   Tenant has been given notice and will be out 10/30/2024.

Property Details/Condition:

• Bedroom: 2
• Bathroom: 1
• Building Size: 1392 sqft
• Lot Size: 0.05 acres
• Zestimate: $137,500
• Occupancy: Tenant, moving out 10/30/2024
• 10.7 Cash on Cash Return on Investment
• 10k worth of rehab to get it to $1500/mo rental
• No structural or operational issues

Comps:

ARV: $160,000-$170,000

• 1263 Highway Ave, Covington, KY 41011
  
  • 2 Bed 1 Bath
  • 1096 sqft
  • Available for Rent at $1,700/mo
• 318 W Martin Luther King Jr Blvd, Convington, KY 41011
  
  • 2 Bed 1 Bath
  • 1122 sqft
  • Available for Rent at $1,500/mo
• 218 Walnut St, Bellevue, KY 41073
  
  • 2 Bed 1 Bath
  • 1250 sqft
  • Available for Rent at $1,525/mo

Walkthroughs can be scheduled during regular business hours any day.

For more information or to arrange a viewing, please contact Joseph at 463-777-0213. This property is expected to sell quickly, so don’t miss out on adding it to your portfolio!

Call JOSEPH today at 463-777-0213