A coveted central location, steps from Covington's ''newest neighborhood'' at the former IRS site where 23 acres is in the process of being re-developed. Perfectly maintained, high quality, 4-unit apartment building spanning 4 lots with 8 parking spaces. Two (2) bedroom units and Two (1) bedroom units. Each unit is appointed with granite surfaces, original hardwood floors, LED lighting and dedicated outdoor spaces. All units have separate furnace and central air-conditioning plus in-unit laundry. Utilities are all separately metered. Basement offers storage areas or a workshop. A private courtyard is tucked away behind the building for community space. This opportunity generates solid, consistent income and is poised to do so well into the future. Also a candidate for a condo conversion. Walkable from Mainstrasse, Downtown Covington and Cincinnati.
- Price:
- $1,095,000
- Bedrooms:
- 6
- Full Baths:
- 5
- Half Baths:
- 1
- Square Footage:
- 4,748
- Acreage:
- 0.18
- Listing ID #:
- 604624
- Street Address:
- 427-429 Russell St
- City:
- Covington
- State:
- Kentucky
- Postal Code:
- 41011
- County:
- Kenton
- Community:
- K01 - Covington North
- Subarea:
- K01 - Covington North
- Listing Status:
- Active
- Listing Type:
- MultiFamily
6-8
726 students
15 student/teacher
Source: ATTOM
- Approximate Total Liveable Area:
- 4748
- Basement Description:
- Full
- Building Condition:
- Existing Structure
- Building Security:
- Smoke Detector(s), Fire Escape
- Construction Description:
- Hardiplank Type, Brick
- Dwelling Type:
- Apartment, Quadruplex
- Exterior Features:
- Fenced, Private Yard, Balcony, Lighting
- Fireplace:
- Pellet Stove, Brick, Inoperable
- Fireplace:
- Yes
- Interior Features:
- Track Lighting, Pantry, Open Floorplan, Kitchen Island, Granite Counters, Entrance Foyer, Eat-In Kitchen, Chandelier
- Number Of Fireplaces:
- 4
- Number Of Units:
- 4
- Patio Description:
- Covered, Patio, Porch
- Stories:
- Three Or More
- Total # Of Buildings:
- 1
- Type Of Roof:
- Shingle
- View:
- City, Neighborhood, Skyline
- Windows:
- Aluminum Clad Window(s), Aluminum Frames, Double Hung, Storm Window(s), Wood Frames
- Annual Insurance Expenses:
- 4061
- Annual Water/Sewer Expenses:
- 2019
- Gross Income:
- 82620
- Lot Features:
- Corner Lot, Near Public Transit
- Lot Square Footage:
- 7667
- Days On Market:
- 363
- Originating Mls:
- Northern Kentucky Multiple Listing Service
- Owner Pays:
- Sewer, Water
- Tenant Pays:
- Gas, Heat
- Laundry:
- In Unit
- Fence:
- Metal
- Parking Description:
- Off Street
- Parking Spaces:
- 8
- Cooling System:
- Multi Units, Central Air
- Existing Water:
- Public
- Has Central Air Conditioning:
- Yes
- Heating:
- Forced Air
- Sewage Type:
- Public Sewer
- Utilities:
- Cable Available, Natural Gas Available, Sewer Available, Water Available
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Rebecca Weber of Comey & Shepherd Realtors
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