661 W Pike Street,Covington, KY 41011
Covington, KY 41011
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
Details
| MLS # | 644298 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 96 |
| Listing Provided By | Sibcy Cline, REALTORS-CC | Greg Crase |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 Total |
| Basement | Y |
| Units | 5 |
| Building(s) | 1 |
| Acreage | 0.07 |
Area Information
| State | KY |
|---|---|
| County | Kenton |
| City | Covington |
| Zip Code | 41011 |
| Area | K01 Covington North |
| Subarea | Covington North |
| School District | Covington Indep |
| Elementary School | John G. Carlisle Elementary |
| High School | Covington Indep |
| Listing VS Median (in 41011) | |
Price: $465,000 low | high Med: $344,900 On site: 96 low | high Med: 12 | |
Market Activity 41011
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Learn More About This Property
| State | KY |
|---|---|
| County | Kenton |
| City | Covington |
| Zip Code | 41011 |
| Area | K01 Covington North |
| Subarea | Covington North |
| School District | Covington Indep |
| Elementary School | John G. Carlisle Elementary |
| High School | Covington Indep |
| Listing VS Median (in 41011) | |
Price: $465,000 low | high Med: $344,900 On site: 96 low | high Med: 12 | |