🏡Covington Triplex! Immediate Cash Flow🏡

Covington, KY, 41011 view full address
For Sale
Listed at: October 7th, 2024
Price
$205,000
Sq. Footage
1500
Type
Multifamily
Parking
Attached Garage
Year build
1900
Lot size
acres
Bedrooms
3
Bathrooms
3
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

Solid Triplex in Covington, offers immediate cash flow and massive upside!

3-1/1 units

unit 1: 900 mtm

unit 2: 900 mtm

unit 3: 800 mtm

Market rent

$1,250- $1,400

Offers massive upside through cosmetic renovations of apartment units and separation of utilities!

Property Condition:

Exterior Construction: Vinyl Siding

Roof: Newer Dimensional Shingle roof

Gutters: Seamless aluminum gutters in place in solid conditon

Windows: Wood windows with Exterior storm windows, appear fully functional and in decent condition

HVAC: New furnace installed one furnace services whole building., no central A/C currently in place 

Hot Water Heater; Newer hot water heater

Electric: Utilities split between unit 1/2  Unit 3/ Garage- Utilities Combined

Foundation: Poured foundation appears in solid condition

Cosmetics: fully functional throughout, apartment units a bit dated (kitchen baths, flooring)

Garage offers huge opportunity to boost income through renting units, or would make great storage/ office space for owner, features full bathroom and office.

 

 

 

Don't Miss out on this one, for more info call or text Matt

513-951-3764

**** Summit Property Group is either the direct owner of this property or has a marketable interest in the property to Assign****
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Matthew Zimerman

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Disposition manager